donor

Insurance Policy donations -  MORE than just paperwork…

• Two-thirds of the wealth in Canada is self-made.
• Others have inherited their wealth.
• Entrepreneurship is the dominant source of self-made wealth.
• By 2025, 2 million Canadians will retire; 1 million of them will be businessowners.
• A $1 trillion transfer of wealth from one generation of Canadians to the next is expected over the next 20 years.

Alright class, I know it is sunny out, but it is time to buckle down and go over how to sail through your next supporter survey with flying colours. Remember, there will be a test!

Let’s review some key elements of a great survey. 

What are you reading this summer? Ulysses? Fifty Shades of Grey? From the sublime to the ridiculous (but which is which?) I hope you find some down time to read something you love. I also hope you’re spending time this summer creating stories—making memories with your loved ones.

Since the announcement of the “estate donation” rules in the 2014 Federal Budget, there have been a number of amendments that have addressed sector concerns and drafting errors.  

One unintended consequence in the original estate donation provisions relates to gifts of private company shares.  All estate donations of private company shares to any registered charity would be categorized as a non-qualifying security, not just gifts to private foundations.  As a result, no tax receipt could be issued until the shares are sold within a 60-month window.