Benefaction make Top 100
The Globe and Mail, in partnership with CharityCAN, has ranked Canada’s 1,000 largest not-for-profit institutions for 2018.
This year, the ranking is based on donations received by the organization for which they issue a tax receipt (tax receipted gifts).
How Finance’s Private Corporation Tax Proposals Will Affect Gifts to Charity
Click to read more on this post from >> Miller Thomson’s Social Impact Newsletter October 19th 2017
Donation Tax Credit Mismatch
It is a truism that Canadians who donate enough to charity at death can eliminate tax. This outcome is due to the 100% contribution limit for gifts by will and direct designation gift of registered funds and life insurance. Since 2015, however, Ontario, Quebec, New Brunswick and Yukon have increased the top marginal tax rate, but not top donation tax credit rates.
Post from All About Trusts and Estates, Author Malcolm Burrows
Estate Donations & Non-Qualifying Securities
Since the announcement of the “estate donation” rules in the 2014 Federal Budget, there have been a number of amendments that have addressed sector concerns and drafting errors. One unintended consequence in the original estate donation provisions relates to gifts of private company shares. At the June 2015 STEP conference in Toronto, Canada Revenue Agency
Written by Malcolm Burrows published in All About Estates November 14th, 2016
Combination Gift Plans
Combining estate plans and lifetime financial plans can be challenging, especially for individuals who have dedicated a significant portion of their estate to charity, for example 50% or more. Wills are often drafted independently of lifetime financial plans. The drafting lawyer may not ask the question “is it prudent and advantageous to start giving major gift during life?”. In certain situations, there are significant tax and philanthropic benefits to start estate donations during life.
Posted in All About Estates October 24, 2016 – 8:51 am | by Malcolm Burrows