Looking for information about how to choose a charity to donate to? The Canada Revenue Agency (CRA) has free online tools that can help. Check these helpful links:
At www.cra.gc.ca/donors , Canadians can learn everything they need to know about giving wisely to registered charities, including which charities are registered with the CRA, what organizations can issue official donation receipts, what types of gifts qualify for tax credits, and how to avoid fraud. (more…)
More and more Canadians are opting to leave a portion of their estate to a charitable organization after their death. By making a provision in their will, the charity becomes a beneficiary, much like a child or spouse, with an entitlement to an inheritance. (more…)
Jon Chevreau of the Financial Post sits down with wills and estates lawyer Barry Fish, co-author of “Where There’s an Inheritance,” to discuss some of the problems families can face when a loved one passes away. From family members that criticize and challenge the steps taken by the executor, problems arising from executor fees, forgiveness of debts in the will and sibling rivalries, Fish proves how estate administration can be complex, emotionally-charged and risky. It may be worthwhile for an executor to safeguard their personal assets through an insurance policy, or for the drafter of a will to consider insurance to protect the value of their assets should litigation arise.
Wealthy Boomer- Wills & Estates Lawyer Barry Fish on Inheritance Stories