I would like to make a bequest to Sport dans la Ville : What types of bequests should I choose?
A bequest may be:
- universal; in this case, it applies to the entire estate;
- Generally speaking, it covers a share of the assets (for example, half, one-third, or all real estate, or all personal property);
- specific: it relates to one or more specific items of property.
Can I transfer real estate?
When making a donation or a bequest, you have the option to pass on one or more real estate properties to a recognized public benefit organization, such as the endowment fund, Sport dans la Ville during your lifetime or after your death. These donations, or bequests, will be exempt from gift tax under certain conditions.
I'd like to add titles: Is that allowed?
You have the option to transfer securities (stocks and bonds) that allow you to take advantage of income tax deductions, just as you would with a . Simply contact us, and we’ll walk you through the process.
I have children: can I pass on my estate to Sport dans la Ville ?
If you have heirs You is entirely possible to bequeath your estate to a beneficiary organization such as the Sport dans la Ville Endowment Fund: you must draft your will in consultation with your notary, and follow thestatutory share (which constitutes the portion of your inheritance that cannot be freely bequeathed). It is the so-called “compulsory heirs”—such as children or the surviving spouse—who benefit from this.
Am I eligible for a tax receipt if I support Sport dans la Ville ?
If you are an individual donor, your donation entitles you to an income tax (IR) deduction equal to 66% of the donation amount (up to a limit of 20% of your taxable income). If your donation is made through a company, the company may be eligible for a corporate income tax (CIT) deduction equal to 60% of the donation amount (up to 0.5% of the company’s revenue).
You are also eligible for an income tax deduction when you transfer life insurance policies or securities. A bequest to a recognized public benefit organization, such as the Endowment Fund, entitles the beneficiary organization to a full exemption from estate taxes.