You can make a charitable bequest in your will - which means that the charity of your choice will receive your charitable donation upon your death similar to how the other beneficiaries in your will …
You Can Claim Donations to U.S. Charities in Certain Cases
Normally if you want to claim a donation to charity and have that donation eligible for the charitable donation tax credit as an individual, the donation needs to be made to a registered Canadian …
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Public Foundations versus Private Foundations
There are three types of designations registered charities may hold:1. Charitable Organization2. Private Foundation3. Public FoundationCharitable OrganizationsA charitable organization generally …
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Receiving an "Advantage" Reduces Your Eligible Charitable Contribution
When you make a donation to certain charitable organizations, it is possible that your entire contribution will not be eligible for the Charitable Donation Tax Credit. This is because you must …
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Corporations Get a Deduction for Charitable Donations, Not a Credit
Some of the biggest sources of charitable donations come from corporations. While a donation made by an individual receives a tax credit, a donation made by a corporation receives an income deduction. …
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Breaking News: RESP Contributions To Become Tax Deductible?
Thanks to reader Nicolas for providing a gentle nudge to write a post on a private members' bill that was passed last night that would allow Canadians to deduct contributions to RESP plans (Registered …
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