Charitable Remainder TrustsA charitable remainder trust is an ideal donation option for those holding assets that have experienced significant appreciation. It’s also a wonderful way of making a long-lasting impact on children affected by poverty.
BenefitsEnjoy tax benefits during your lifetime – Depending on how the remainder trust is set up, donors are generally entitled to a donation receipt when the trust is created. Support your loved ones and donate to CFTC – Remainder trusts allow you to provide an income to a spouse and/or other beneficiaries while supporting the future work of Canadian Feed The Children. No capital gains tax – CFTC will not be charged any capital gains, while you as the donor are only responsible for the capital gain attributable to the remainder interest.
How it works1 Charitable remainder trusts can be established with cash, securities or real estate. 2 The donor (the trustee) receives the income generated by the assets in the trust, while the capital remains intact. 3 Upon the trustee’s passing, the assets from the trust are donated to Canadian Feed The Children. Alternatively, the trust can be set up to continue to provide for a surviving spouse. In this case, assets are donated only after the death of both trustees.
We strongly recommend you consult your own lawyer or other professional advisor about the applicability to your situation.
A Guide to Charitable Remainder TrustsA guide to setting up charitable remainder trusts including their benefits.
Will & Estate Planning Consultation
Colleen Bradley Estate Planning Consultant
Please note that these services are not intended to replace professional advice from a lawyer or investment advisor.
Contact UsFor more information about charitable remainder trusts, or to book a free 30-minute session with our Estate Planning expert, please contact Cheryl Weldon at:
- 1-800-387-1221 or 416-757-1220
- [email protected]