Tag Archives: Charity

Minimizing Taxes During Estate Planning and Charitable Giving

Did you know that there are three possible beneficiaries to your estate? These are Your FamilyThe GovernmentA Charity When a death occurs, the default beneficiaries of the deceased are their family and the government. However many people prefer to leave their wealth to a charity and their family. Naturally, this requires some planning ahead of…
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Tax Deductions for Gifts-In-Kind

Gifts-In-Kind are a non-monetary donation to a charity. These can also be tax deductible provided you keep a few things in mind. 1. The Most Important Condition Make sure that the charity of your choice is recognized by the Canada Revenue Agency (CRA) as a registered charity. If it doesn’t have this status, then any…
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