All posts in the ‘Tax’ category

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 »

Did the 2016 BC Budget put “bare trust” planning in jeopardy?

Many estate plans involve a “bare trust.”  This document allows one person to hold the legal title of a property in trust for another person who is the true beneficial owner.  The bare trust can be used to transfer ownership without triggering BC’s Property Transfer Tax, which only applies when there is a registered change… 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 »