Gift In Your Will
Legacy giving or planned giving is a donation made through a will or other formal designation. It can be a piece of property, percentage of your estate, material goods, stocks, shares or cash. Legacy gifts are typically prepared with a financial planner and are meant to reflect the desires of the donor.
There are valuable tax incentives to encourage Canadians to leave legacy gifts. When you leave a legacy gift, your estate receives a tax credit for the full value of the gift, which adds a tax credit to your final income tax return. This can help to maximize the value of your residual estate for your beneficiaries.
For more information contact Houida Kassem.
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