A Charitable Guide to Planned Giving

A "Get-To-It" Guide by DeWayne Osborn CPA, CGA, CFP®

DeWayne Osborn


Resource Centre

Helpful documents, research articles, PowerPoint presentations and much more.

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Latest News and Updates have been posted

Published: July 21st, 2016

The site has been refreshed to reflect the changes implanented in 2016.  Namely the GRE proposals to extend to 60 monthes, New Section 5.3 - Gift of Life Insurance Through Personal Corporations, response to the question: Can I refuse a gift (Bequest Section 4), Holding and Operating Company definitions, and a brief discussion of the ACB impact of the new insurance rules out in 2016.

Addional examples will be provided soon that reflect the increased tax rate from 25% to 29% and its corresponding increase in RDTOH and other tax factors.   


Gifting Life Insurance - a primer

Published: March 17th, 2015

Today, I am seeign far too many charities accepting years of premiums for the potential of a death benefit later that is acutally costing the organization money!  The culprit, apparent big dollar death benefits with young donors.  The basic problem is a lack of understanding of the time value of money and cashflow analysis.  For example, a $250,000 gift from a 50 years old may seem large to the naked eye, but when you calculate the return on investment to achieve that same result in 50 years (when the donor reaches 100), the organization would likely fire its investment managers for similar performance.  So why are charities accepting such dismal returns when they could take those same donations, issue the same tax receipts to the donor, and invest in their endowment/long term investments for a superior gift?  That is the $1 million question!

I urge all charities to analyze the cashflows you are giving up before accepting giftgs of insurance.

CGA-BC Presentations

Published: February 2nd, 2012

As mentioned in my earlier blog, I am now able to post the actual presentations I made to the Certified General Accountants Association of BC on a variety of issues with regard to planned giving.  Tax receipting and general information on how many of the more common plan gift instruments work was presented.  You will find this posting in the Resources Section under CGA-BC Morning Presentation 2011.

Similarly, the afternoon session to CGA-BC included a detailed discussion of seven cases that illustrated the effects of the rules and regulations surrounding planned giving-including tax receipting of eligible amounts.  Canada Revenue Agency provided written input to the cases.  I would like to thank Shelley Penn from the CRA charities directorate for assistance with that very valuable feedback.

This session is referenced as CGA-BC afternoon presentation 2011, and the seven case illustrations is posted as well.