All posts in the ‘Gifts’ category

Court Rejects Disinheritance of Children based on “Invalid” Reasons

“Testamentary freedom” is the notion that a will-maker (or “testator”) is entitled to divide her property upon death however, and to whoever, he or she sees fit. In certain circumstances, however, statutes and courts in British Columbia and other jurisdictions have limited this freedom, by requiring the will-maker to provide for certain beneficiaries in the… View this post »

Budget 2016: Impact on Charities

Finance Minister Bill Morneau delivered the government’s 2016 federal budget yesterday. Below is a summary of some of the announcements from the budget that will impact charities. Update on Previous Budget Proposal: Capital Gains Exemption for Donations of Real Estate and Private Company shares The 2015 federal budget proposed to extend the exemption for capital… View this post »

What does an entrepreneur need to know about making a charitable donation?

Gifts of Private Companies and Real Estate Entrepreneurs create much wealth in Canada with their businesses and real estate holdings. These dedicated owners are often also very committed to charitable giving.  They seek to pass on their community, not diminished, but better than it was passed on to them. However, it is challenging to make… View this post »