Download the presentation notes and calculations from Teresa Rhyne at Estate planning attotney, Teresa Rhyne, joins us for this advanced estate planning session featuring information on charitable estate planning, the charitable remainder trust (CRT), charitable lead trust (CLT) and all the different variations including the annuity, unitrust, net income trust and more. Did you know you can gift a fully depreciated real estate asset into an irrevocable CRT, get a charitable deduction, and enjoy passive income from the trust for a set period of time? Then the remainder goes to your favorite nonprofit or charity? Listen to what only [More]
Here is an interesting video on YouTube .. * YouTube Description Saving Taxes By Giving To Charity (Forbes) It may seem too early to start planning year-end tax deductions, but it isn’t. In fact, especially if you plan to make noncash contributions, it’s best to plan ahead. Although tax rates seem certain to rise in 2011, that doesn’t mean you’ll get more from making charitable contributions in 2011. Some advisers suggest making contributions in 2010. For this and other tax tips about the end of 2010, see Tea Leaves And Tax Moves In 2010. To help make a decision, try [More]
The following is now available on the CRA Web site: News release Revenue Minister Skelton announces donor information Web resource Ottawa, Ontario, December 20, 2006… Carol Skelton, Minister of National Revenue, today announced the launch of a useful new resource called Giving to Charity: Information for Donors, now available on the Canada Revenue Agency (CRA) Web site. “The Canada Revenue Agency regulates registered charities in Canada and is committed to providing donors with relevant information,” said Minister Skelton. “Many Canadians make donations at this time of the year, so I am pleased that Canada’s New Government is offering user-friendly information [More]