Reduce your taxes while giving

Your annual donation affords you a charitable tax receipt which can help reduce your income tax. A specific donation to CMCC in your will as a deferred gift, will reduce the taxes paid on your estate.

Did you know that by transferring stocks in kind to CMCC that you purchased many years ago could not only give you a charitable tax receipt for 100% of the value of the stock upon the sale by CMCC, you would not have to pay capital gains tax.

By naming CMCC as the beneficiary of an RRSP or RRIF, you can offset taxes on your estate.

Donating a life insurance policy to CMCC is a generous way to leave a legacy to the chiropractic profession. CMCC will accept existing life insurance policies when CMCC is designated as the irrevocable registered beneficiary of the policy. Alternatively, a new policy in CMCC’s name with CMCC as the irrevocable owner/beneficiary could also be accepted. The monthly premiums paid will provide you with an annual charitable tax receipt.