Canadian Philanthropy Tax Breaks Going Unclaimed

Canadian Philanthropy Tax Breaks Going Unclaimed: A mere 39 percent of Canadians are aware of the tax benefits associated with including charitable donations in their will, according to a poll by Scotiabank.

Scotiabank's annual Investment Poll reveals that one in five Canadians with a written will intend to leave some of their estate to charity. 60 percent of those questioned said their primary motivation was to give something back to society. 20 percent said that they had no dependents and wanted their money to go to a good cause, and 12 percent said that it was for the tax breaks.