Business Administration - Financial Planning RFC222 Lecture Notes - Lecture 11: Financial Statement, Life Annuity
24 Mar 2017
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Document Summary
In most situations, a donation tax credit is allowed at the time that the property is transferred to the trust, provided that the trust agreement contains certain terms and conditions. Private foundations: many of canada"s wealthiest families, and some not-so-wealthy families, have established private charitable foundations as a vehicle for carrying out their philanthropic activities. While philanthropy is a noble cause, your family comes first. Make sure that your spouse and other dependents will be adequately provided for after your death, and in accordance with your wishes: 2. Ensure that your estate will have sufficient liquid assets to cover the donation under your will, without forcing your executors to liquidate other assets in order to raise the cash: 3. To avoid any confusion, make sure that you identify the desired charity by its precise full legal name and include the charity"s address and phone number: 4.
