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How do planned donations differ from annual donations?

Audrey

By Audrey on January 16 2010

As a general rule, the beneficiary organization is obliged to spend during the year in progress, 80% of the donations for which a receipt has been issued during the terminated year. This law does not apply to certain types of planned donations, particularly bequests, along with the proceeds of a life insurance and donations where [...]

How do I leave a gift for an organization that is important to me?

Audrey

By Audrey on January 16 2010

One of the easiest ways is by making a charitable bequest. You can donate a fixed amount, a percentage of the estate or the remainder of it, an insurance policy or part or any other asset. There exists numerous ways to make a planned donation, choose which is most appropriate for you by consulting the [...]

No children, no heirs? Wrong.

Audrey

By Audrey on January 12 2010

The journalist Dominique Forget wrote an article in the French newspaper L’Actualité (December 30, 2009) referring to LEAVE LEGACY TM Quebec. extract (in french only): Pas d’enfants, pas d’héritiers ? Faux. De plus en plus de Québécois se préparent à devenir mécènes… après leur mort. « À qui vais-je laisser mon argent ? » Cette question, [...]

Legacy and Will, are they “new topics” for conversation?

Audrey

By Audrey on December 21 2009

Such was the question asked by Joël le Bigot, the popular host of Pourquoi pas dimanche? on the French radio of Radio-Canada, to Lucille Grimard, chair of LEAVE A LEGACY(TM)Québec, Sunday, December 13, 2009. Ms. Grimard was asked to answer this question and many others. Taking advantage of this public forum heard by many listeners, [...]

Towards a Web community focused on the right causes?

Audrey

By Audrey on December 16 2009

Blogger Martin Goyette runs a fascinating blog on questions pertaining to marketing reality of not-for-profit organizations. In a very interesting article on the virtues of the Web, he mentions that not-for-profit organizations would have a lot to gain by grouping together, as recommended by Leave a LegacyTM Quebec. You can read the article (in French [...]

How do trusts work?

Audrey

By Audrey on December 2 2009

You will immediately be issued a tax receipt for the present value of the residual interest in the trust. Throughout your life, or for a defined period, you will receive a predetermined amount from the trust; when the trust expires, all assets will be transferred to the charitable organization. Because of the costs related to [...]

Free conference kit provided by the CRA

Audrey

By Audrey on November 30 2009

A wide range of information on charitable donations has always been made available online by the Canadian Revenue Agency.  They also offer a free kit that speakers can order or download. The kit includes various documents to help Canadians make sensible donations such as: Brochures explaining how to claim a tax credit for the donations, [...]

What are the advantages of a charitable bequest?

Audrey

By Audrey on November 9 2009

Your charitable bequest will reduce the taxes to pay upon death. The charitable bequest entitles you to non-refundable tax credits that are equivalent to nearly 50% of the value of the donation. The liquidator can use the receipt obtained for the donation for up to 100 % of the net income of the year of [...]

Jules Arsenault bequeaths $ 1 million to UQAT

Audrey

By Audrey on October 25 2009

Jules Arsenault, president of the University of Quebec in Abitibi-Témiscamingue (UQAT) from 1989 to 2004, passionately loved his university. He bequeathed a legacy that proved it again. Download the article of the Foundation UQAT (pdf format- in French only)

Ten things you can do to bequeath, according to LEAVE A LEGACY TM Québec

Audrey

By Audrey on October 16 2009

Prepare a will; Indicate your desire to bequeath a donation to the charitable organization of your choice; Bequeath a fixed amount or a percentage of your estate to that particular organization; or Make a donation of shares, securities or property; or Designate the charity of your choice as the beneficiary of your RRSP, RRIF or [...]