Philanthropy/Charitable Giving

Total 171 Posts

Canadian Donation Incentives

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I published a version of this blog three years ago to address the many questions on Canadian tax incentives for donations that I receive.  Since the questions keep coming here is a revised and updated version. Generous but Complex and Opaque Canada has the most generous tax incentives for charitable giving in the world, but few Canadian donors understand what they save and how the system works. Why the paradox? ….

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Philanthropy/Charitable Giving, Uncategorized

Better Life Insurance Donations

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Recently I received an inquiry from a life insurance advisor about a client who wished to establish a policy and donate it to two charities.  My colleague wanted to know if this was possible.  In my experience it is possible, but not the best way to do it. Donation Structures in Canada there are two basic ways to donate using life insurance. A donor makes the charity owner and beneficiary….

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Insurance, Philanthropy/Charitable Giving, Uncategorized

Proving Charitable Purposes

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Charitable purpose trusts are given special status in the law. While most other types of trusts must have a clear end date, charitable purpose trusts may live forever. All other types of trusts have to have specific and defined beneficiaries, yet charitable purpose trusts may exist in order to further a “charitable purpose.” While courts are generous in determining whether the purpose of a trust is charitable, there are clear….

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Charitable Giving, Estate Administration, Estate Donations, Estate Planning, Fiduciary Professions, Philanthropy/Charitable Giving, Trusts

The Decline of Churches

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[caption id="attachment_17878" align="aligncenter" width="614"] The Hazlet Lutheran Church, northwest of Swift Current, Sask., sat empty for nearly 25 years until two friends, Lindsay Alliban and Erin McKnight, bought it in 2016 and converted it into a live music space. (Katie Toney via CBC)[/caption] Organized religion has been the bedrock of the Canadian charitable sector.  When charities were first required to register federally in 1967, over 60% of organizations were religious….

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Estate Planning, Philanthropy/Charitable Giving, Uncategorized

Thank You for Being a Friend – The Legacy of Betty White

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Today’s blog has been written by Jessica J. Butler, Law Clerk at Fasken LLP Betty Marion White was born on January 17, 1922 and passed away at her home on December 31, 2021 – just 17 days shy of her 100th birthday. “I feel like crawling under the covers and eating Velveeta right out of the box” – a quote from one of Betty’s most well-known performances as on The Golden….

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Charitable Giving, Estate Planning, In the News, Philanthropy/Charitable Giving

Wine and Estates Revisited

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When I last wrote about wine and estates it was 2019. A distant epoch. The Canadian situation has changed dramatically since then. Not only have I been drinking more and better wine (I’m not alone), but the secondary wine market has changed. It’s more liquid, if you will. This is helpful to wine collectors and executors. What’s Changed? The pandemic lock downs of 2020 disrupted long-held, post-prohibition rules around wine….

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Estate Administration, Estate Planning, Philanthropy/Charitable Giving, Uncategorized
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