I published a version of this blog three years ago to address the many questions on Canadian tax incentives for donations that I receive. Since the questions keep coming here is a revised and updated version. Generous but Complex and Opaque Canada has the most generous tax incentives for charitable…
Tag: Scotia Wealth Management
Total 3 Posts
Generous but Complex and Opaque Canada has the most generous tax incentives for charitable giving in the world, but few Canadians understand what they save and how the system works. Why the paradox? Here’s a longer-than-usual blog providing an overview for your future reference. For starters, it is helpful to…
Charities face a bizarre challenge when administering gifts by will. It should be simple. After the donor’s death, a charity named as a recipient of an estate donation becomes the beneficiary of a trust. The money is owed to the charity and the interest in the trust is legally enforceable. …