On the surface, the difference between a corporate and an individual gift might seem quite negligible. However, it is important for charities to be aware of the differences between these two types of gifts so that they can ensure they are meeting all of their legal obligations.
Adam outlines what to expect in the way of taxes, what steps you should take if your charity is named in a will, and how to turn down a charitable bequest.
Adam explains what a private security is, the benefits of donating securities to charity, and the tax pitfalls you should be aware of.
Adam weighs in on whether or not it is a good idea to donate your RRSPs to charity, the tax consequences upon doing so, and the complications a charity may face when accepting RRSPs.
Adam explains when it is a good idea to have a lawyer on your board of directors, what an organization can and can’t expect from a lawyer serving on its board, and the conflicts of interest that may arise.
The CRA recently published a list of model objects (charitable purposes) that nonprofit organizations can consult before applying for charitable status. Adam explains what these model objects are, and how they may help organizations get through the registrations process more quickly and with less difficulties along the way
Adam explains how art is appraised for tax receipt purposes, the advantages of lending art to a charity, and the special considerations for Canadian art.
Adam explains what flow-through shares are, how they can be used in tax planning, and how charities can benefit from gifts of flow-through shares.
Adam explains the advantages of life insurance as a planned gift, when receipts can be issued for such a gift, and the different types of life insurance policies that are currently available.
Adam explains what a charitable remainder trust (CRT) is, how CRTs are used in tax planning, and how donors can get tax credits now for shares donated after death.
