COURSE DESCRIPTION:
Many Canadians make donations on an ad hoc basis, often when solicited by a friend or family member, without giving much thought about how to maximize the benefits to the charity or themselves. However, taking a more strategic approach to charitable giving can result in significant financial benefits for both the donor and the charity. This is particularly true for your high-income or high-net-worth clients.
By completing this course, you will gain a thorough understanding of:
- the charitable giving landscape in Canada
- the tax rules related to the charitable donation tax credit
-
charitable giving strategies, including:
- donating cash
- donating personal-use property
- making a charitable bequest through a will
- using a charitable remainder trust
- using an alter ego or joint partner trust
- gifting a residual interest in capital property
- donating registered retirement funds during life
- naming a charity as beneficiary of registered retirement funds
- gifting a life insurance policy during life
- designating a charity as beneficiary of life insurance policy proceeds
- setting up a private charitable foundation
- contributing to a donor-advised fund
- establishing or contributing to an endowment fund
- purchasing a charitable gift annuity, and
- donating through a business
- resources to help you choose a charity
- a warning about charitable gifting arrangements
NOTE: You have 6 months from time of purchase to complete this course.