In addition to the immediate benefits you receive from annual deductions, please consider the tax benefits of planned giving. Not only will a planned gift ensure that your contribution to IDRF and our projects will have long lasting benefits, but it may also help you in estate planning and possibly reduce tax burdens on loved ones administering your financial affairs.
Since many charitable organizations struggle to attract donors, the government has introduced a number of tax incentives to encourage more private giving.
A planned or charitable gift is defined as a gift to a charitable organization made in such a way that you are able to maximize any tax and estate planning advantages. It can give you a charitable tax deduction which can be applied to reduce your net taxable income per year.