Gifting assets during one’s lifetime is fraught with legal and tax traps
Client profile Annabelle Bonheur*, 56, is a biochemist at a major pharmaceutical company and makes $325,000 a year. Her deceased parents left her a large inheritance, which includes shares in two private companies and a three-acre tract of land not far from her home in Oakville, Ont., that will likely be a future hotspot for […]
Well-meaning charitable board members usually gather quarterly to make decisions about how to invest millions of dollars
Make the most of the Ecological Gifts Program.
Make sure charitable bequests are honoured.
Private foundations have become more popular over the last 10 years.
Fewer Canadians are donating to charity. Statistics Canada reports donations fell nearly 2% to $8.3 billion in 2012. What’s worse, the number of people giving slipped 1.4% to 5.6 million.
The foundation of Warren Buffett’s son, Howard Buffett, is supporting the Selous Game Reserve in Tanzania, reports Treehugger.
Habitat loss and degradation are the greatest threats to biodiversity in Canada today. Thanks to Environment Canada’s Ecological Gifts Program, with its unique tax advantages, more Canadians can leave a legacy for tomorrow and receive a tax break today.
When Mark Axelowitz isn’t managing money, he’s memorizing lines.