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Legacy Planning


Why do individuals give to charity:

  • Leave a legacy
  • Essential to organizations
  • Meaningful tax relief for contributors

There are many ways to give and lots of potential tax savings:

  • Simple Cash Gifts - Charitable tax credit
  • Gifts in Kind - Charitable tax credit based on fair market value, if the market value is over $1,000, it’s best to get an independent valuation.
  • Bequest through your will - Year of death up to 100% of net income for year of death and carryback for year preceding death
  • Life Insurance

Depending on setup:

  • Proceeds of RRSPs/RRIFS at Death - Proceeds of income donated as charitable donation
  • Charitable Annuities - Provide income to yourself and portion goes to charity

To learn more about charitable giving, please contact us.