As a charity having the conservation and protection of Canada’s environmental heritage as one of its main purposes, rare Charitable Research Reserve is eligible to accept donations of Ecologically Sensitive Land.
Canada’s Ecological Gifts Program offers tax benefits to Canadians who donate ecologically sensitive land (including a covenant, an easement or a real servitude to which land is subject) or a partial interest in such land to a qualified recipient. The Minister of the Environment must certify the land, approve the recipient that receives the gift, and certify the fair market value of the donation. For donations made after February 10, 2014, the carry-forward period is 10 years for the unclaimed portion of the eligible amount of gifts of ecologically sensitive land. Capital gains associated with the donation of ecologically sensitive land continue to be exempt from tax.
Keep watching this space for more details to come, or contact Christine Thompson, Major Gifts Manager, who would be pleased to have a confidential discussion on your legacy giving options.
Christine Thompson, CRFE
christine.thompson at raresites.org
519-650-9336 x. 118