CRA letter on Canadian charities and alter ego trusts

Here is a recent CRA letter dealing with “If, as a consequence of a gift, a charity holds a beneficial interest in an alter ego trust, will the…

Determining the “Cost” of Life Insurance Policies as a Charitable Gift when transfer to charity

Here is a letter from CRA in response to a question about valuing a life insurance policy when it is transferred from a non-arm’s length person…

Can spouse claim a charitable donation previously reported and carried forward on a spouse’s return

This CRA letter deals with “Whether, in a subsequent year, a taxpayer can claim charitable donations previously reported and carried forward on…

Philanthropic Foundations Canada – program Global Giving – Possibilities and Pitfalls

I will be one of the presenters at an upcoming PFC program called Global Giving - Possibilities and Pitfalls.PFC 2010 Professional Development…

What is “cost” of life insurance when donating to registered charity?

In this letter CRA discusses “Whether the adjusted cost basis is a reasonable proxy for “cost” of an interest in a life insurance…

Bequest giving in Canada – article by FLA Group on importance of bequest fundraising

Here is an article by FLA Group entitled “Legacy Marketing Overview March 2010”  The article has some interesting statistics and…

Can Canadian employer in disaster provide financial assistance to employee extended family abroad?

The CRA recently discussed “Whether in the particular circumstances, financial assistance provided by an employer to its employees’…

Leaving a Bequest to a Canadian Charity – using a lawyer to avoid legal problems with bequests

Here is a short article Leaving a Bequest to a Canadian Charity - using a lawyer to avoid common legal problems with bequests - June 2010, which…

CRA letter on charitable donation of publicly listed shares and whether gift

Lengthy letter from CRA on “Whether donations to registered charities of shares listed on a designated stock exchange constitute gifts for the…

Canadian Budget 2010 announces disbursement quota reform for Canadian charities

The Canadian federal government announced disbursement quota reform in the 2010 Budget to remove the 80/20 expenditure requirement for registered…

CRA comments on gift to charity under will that is poorly drafted

This letter from CRA is a reminder that when leaving funds to a registered charity under a will the drafting is important.LANGIND EDOCNUM…

Low Cost Fundraising – Legal Issues with Third Party Events and Bequests -with lawyer Mark Blumberg

Here is a free archived webinar entitled “Low Cost Fundraising - Legal Issues with Third Party Events and Bequests”.…

Webinar: Haiti – Legal and Ethical Issues for Canadian charities responding to the earthquake

[the archived recording of the webinar Haiti - Legal and Ethical Issues for Canadian charities is now available at…

Maréchaux, F.M.E. v. The Queen (TCC) – leveraged donation scheme nixed by Tax Court of Canada

In Maréchaux, F.M.E. v. The Queen the case revolved around whether F. Max E. Maréchaux, was entitled to a charitable donation tax credit. …

Is transfer of proceeds to Canadian registered charity a gift? CRA discusses one situation

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.…

The Philanthropist – excellent legal and philanthropic resource is now free

The Canadian legal and philanthropic publication The Philanthropist is now both online and FREE.  You just need to register and will find some…

Nicholas Offord presentation on Fund Raising – Key Challenges & Issues for the Future

Here is a very interesting presentation by Nicholos Offord of the The Offord Group entitled Fund Raising - Key Challenges & Issues for the…

Millennium Charitable Foundation Case – Federal Court (FCA) not impressed with charity tax shelters

The Millennium Charitable Foundation Case deals with abusive charitable gifting schemes.  The Federal Court of Appeal (FCA) sided with CRA in…

Why a major gift combined with a bequest to a charity may be more tax effective than just a bequest

This short note discusses why a major gift combined with a bequest to a Canadian registered charity may be more tax effective than just a bequest to…

Interesting Quotes on Philanthropy

Here are some interesting quotes on philanthropy.Every man must decide whether he will walk in the creative light of altruism or the darkness of…

Bequests – Avoiding problems with the ultimate planned gift

Here is a copy of my article ‘Bequests - Avoiding problems with the ultimate planned gift’ which was presented at a recent Ontario Bar…

Establishing a Canadian Non-Profit or Charity – Avoiding practical, legal and ethical problems

Here is a copy of my presentation to the Canadian Association of Paralegals on Establishing a Canadian Non-Profit or Charity - Avoiding practical,…

Bequests – Encouraging Bequests While Avoiding Legal and Ethical Issues

I recently delivered a presentation to a number of international development charities in Ottawa entitled “Encouraging Bequests While Avoiding…

Charitable Remainder Trusts (CRTs) in Canada

Here is a copy of a paper I wrote a few years ago on Charitable Remainder Trusts (CRT) in Canada.  The CRT vehicle is extensively used in the…