Estate Planning

St. Margaret’s parish in Midland, Ont., is like many rural Ontario parishes in that it needs to look at creative ways to make ends meet. Pastor Fr. Jim McLenaghen is looking at ways to keep a Catholic presence in the pictureque town.

Bequests a good way to thank parish that shaped you

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A Catholic parish is not unlike your household: there are bills to pay and only so many dollars available to keep operations running smoothly.

Those who are actively religious are more apt to donate to charitable causes, but concerns have been raised that as religious conviction wanes among youth, charitable giving may decline in the future.

What the future holds for charitable giving

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A sampling of philanthropists in Canada shows that people who are active in their religion are more generous. It’s unlikely most people would disagree with such a finding.

Fr. Donatello Iocco, left, with St. Ambrose Church organist Gregory Furmanczyk at the Allen AP-35 organ a donor gave to the parish.

A gift in-kind is often better than cash, Toronto's St. Ambrose parish finds out

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TORONTO – Cash may be king, but to a parish in need, a donation in kind is just as majestic.

The Carmelite Sisters of the Infant Jesus got a welcome surprise donation that has allowed the order to do renovations to its chapel in Zephyr, Ont.

‘Great surprise’ funds much-needed renovations in convent chapel

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Inside the sealed envelope, the instructions from the mystery donor were clear.

Beware the roller coaster ride of the market and invest in a gift annuity — a wise way to balance retirement.

You and charity benefit from a gift annuity

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Given the current climate of low-interest rates and roller-coaster markets causing people to think twice about their financial decisions, many people may wish to consider the benefits of a charitable gift annuity.

Know when to revise your Will

Know when to revise your Will

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How often should a Will be reviewed for changes? In general, every five years, but life changes will necessitate a more frequent review. A person should review a Will to ensure that the terms are still suitable.

Fr. Damian Young-Sam-You said that donations large and small help to grow parishes like St. Monica’s in Toronto.

A bequeath to your parish is a difference maker

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TORONTO - Fr. Damian Young-Sam-You has big plans for St. Monica’s Church and with generous donations from members of his congregation who have passed on, the parish is that much closer to reaching those goals.

Certain farm properties may be eligible for a capital gains exemption which will minimize income taxes on your estate.

Be tax smart in your estate planning

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To make things as easy as possible for your family after your death, it’s necessary to understand the effect on your estate of probate fees and income taxes.

Fr. Bill Burns, left, is a retired priest in the Archdiocese of Toronto, one of more than 80 who is supported in his retirement by the Shepherds’ Trust

Shepherds’ Trust gives priests peace of mind in retirement years

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When Fr. Bill Burns retired last June, he didn’t fear a life of poverty due to promises he made in 1965 to become a priest.

Dora Pédery-Hunt is holding a cast of one of her medal designs

Rare works of renowned artist make their way to archdiocese

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Anyone who has held a Canadian quarter in their hands has encountered Dora de Pédery-Hunt’s work. She was the first Canadian citizen to design an effigy of Queen Elizabeth II which has been used on Canadian coinage since 1990.

A gift of securities is one way to show your appreciation to your parish. It will also help you save taxes as you can avoid capital gains tax if handled properly

How to make an estate gift to your church

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An estate gift to your parish or favourite archdiocesan charity can be a way to say thank you to God for all the blessings He has given you. Some of the most common gifts are as follows.

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