There are several ways to make a planned donation:

  • Bequest in a will: in the form of a sum of money, movable or immovable property, a percentage of your estate, or a residual legacy
  • Stock market securities: a gift with significant tax benefits
  • Life insurance: a great way to make a substantial donation
  • Other: Trusts, RRSPs, RRIFs, real and personal property, works of art, etc.

All these means give rise to an official receipt that can be used for the estate's tax return. A gift in a will entitles the donor to non-refundable tax credits of up to 50% of the value of the gift. The liquidator can use the receipt obtained for this donation up to 100% of the net income of the year of death and the previous year if there is a surplus.