Understand fair market value and CRA rules
But smaller, local charities rate poorly in their use of technology
Taxpayers subject to the new 33% tax bracket can take advantage of a new 33% non-refundable tax credit for taxation years beginning 2016.
Will the new math influence client giving?
Almost 60% of Canadians plan to make it a priority to donate to charitable causes in 2016, finds a BMO Wealth Management report. Other priorities include becoming healthier, spending more time with family and friends, and improving their overall financial situation by spending less, saving more and paying off debt. When thinking about which charities […]
It’s been a busy year on the tax front, and we’ve kept tabs on the government’s every move. Here are 2015’s biggest stories.
Manitoba takes top honours among the provinces when it comes to charitable giving, but Americans are more generous than Canadians overall.
Clients in the new 33% top bracket will get a donation tax credit to match.
The Department of Finance is currently considering input from professional bodies in the tax and estate planning community.
Gifting assets during one’s lifetime is fraught with legal and tax traps