Tax Savings

You can receive significant tax savings now or in the future and feel good about ensuring your interests are taken care of.

Incorporating DUC into your financial and/or estate planning can result in the following benefits:

Significant tax benefits that can save money now or in the future.
Satisfaction of knowing that you are leaving a lasting legacy that will benefit a cause that is important to you.
Comfort that your life interests will be supported even after you are gone.
Peace of mind ensuring that your family and financial matters are looked after.

A portion of your estate will go to your family and a portion to society - the society portion is done through taxation or charitable giving. By making a planned gift, current tax laws will allow you to eliminate up to 100 per cent of the tax on your estate.

Why not control where your money will go?

Which two would you pick?

How much can you save?

In most instances, tax savings can reduce the cost of your gift from 43 to 50 per cent depending on your province of residence, the type of planned gift and marginal tax rates.

Example scenario:

John is a long time volunteer and supporter who recently made a will bequest of $10,000. His estate will receive a charitable tax receipt for $10,000. Assuming other donations to charity exceed $200, tax credits for his estate are as follows:

Total donation to DUC $10,000
Federal Tax Credit ($2,900)
Provincial Tax Credit ($1,741)
Net Cost to John $5,359

Note: Assumed combined Federal and Provincial tax rate of 46.41%.

For more information contact us.

This information is not intended as specific legal advice. Consult your attorney when considering any legal matters. The laws which govern wills and contracts vary and are subject to change.