Charitable giving – and taxes?
Planned giving is a gift of money or assets (also known as a bequest) that you leave through your will to a charity.
This gift can also be an extra special way of honouring someone you cared about who benefited from the programs and services of the WICWC or a wonderful way to continue supporting a cause close to your heart and ensuring your legacy will always be remembered by the WICWC. AND…it can also benefit the donor!
What and how can you give as charitable gifts to the WICWC?
The list is pretty broad; of course the gift of cash; the gift of Life Insurances, Shares and RRSP’s, the gift of Real Estate, Charitable Remainder Trust and the list continues. Some gifting can be done immediately or later or through your will or it can be a combination – what gives YOU the best tax benefit?
To learn more about how you can plan this, contact your financial advisor. If you do not have one, you can contact Debbie Magwood, Executive Director of the Centre (firstname.lastname@example.org / (514) 695-9355), who will refer you to someone who can help you.
Whether it is a small sum or a large one, this gift will have a lasting impact.