New Gift Planning Designation for Advisors
The Canadian Association of Gift Planners (CAGP), Knowledge Bureau and Spire Philanthropy are pleased to announce their collaboration to introduce a new professional designation for the financial services sector. The MFA™ Strategic Philanthropic Services Specialist designation will denote specialized professional credentials to develop plans for individuals and families interested in strategic philanthropy.
Donate to Eliminate Clauses
Last week I received a call from a client who wished to include a “donate to eliminate” clause in his will. His goal is to wipe-out all taxes in his estate by giving just the right amount to his favorite charities. Read more >>
All About Estates post by Malcolm Burrows June 28, 2018
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.