Donations to the Aylmer Food Centre (AFC) come in many forms: food donation, money donation and, in certain cases, more substantial donations. The donators are citizens, religious groups, patrons, partners, etc. There is also another philanthropic formulae: the planned giving, such as a charitable bequest, offers advantages to the donator or a recipient organization like ours.
Planned giving is scarce in Québec (3 % of respondents) compared to the rest of Canada (11 %). Planned giving consists of preparing a living donation to an organization of one’s choice and this formula is planned and supervised by professionals who make the link between donor and donee. A bequest, prepared by an accountant or a tax advisor, optimizes the taxation of the gift through tax credits. The gift may be in money, real estate, works of art and may be made during the lifetime of the donor or after his death. Donation is becoming more and more of a solution to divide up your fortune, for example, as your own needs and the needs of children or grandchildren have been met. It goes without saying that this type of donation is more for baby boomers who have saved than young families with immediate budgetary obligations.
However, it must be made clear that the intention to start a gift must be motivated by generosity and not by the tax advantage that can be derived from it.
For more information, you may communicate with Leave a legacy – Québec: https://en.unheritage.org/, an organization that can assist you with financial, tax or estate planning. Having a will is a prerequisite which 51 % of Canadian adults do not have.
Planned giving is scarce in Québec (3 % of respondents) compared to the rest of Canada (11 %). Planned giving consists of preparing a living donation to an organization of one’s choice and this formula is planned and supervised by professionals who make the link between donor and donee. A bequest, prepared by an accountant or a tax advisor, optimizes the taxation of the gift through tax credits. The gift may be in money, real estate, works of art and may be made during the lifetime of the donor or after his death. Donation is becoming more and more of a solution to divide up your fortune, for example, as your own needs and the needs of children or grandchildren have been met. It goes without saying that this type of donation is more for baby boomers who have saved than young families with immediate budgetary obligations.
However, it must be made clear that the intention to start a gift must be motivated by generosity and not by the tax advantage that can be derived from it.
For more information, you may communicate with Leave a legacy – Québec: https://en.unheritage.org/, an organization that can assist you with financial, tax or estate planning. Having a will is a prerequisite which 51 % of Canadian adults do not have.
