A better way to donate ecologically sensitive property: Gwenyth Stadig featured in Personal Tax and Estate Planning Journal

In a Dec. 2023 article published in the Personal Tax and Estate Planning Journal, Gwenyth Stadig of Gowling WLG’s Charities & Not-For-Profits Group and Sarah Hallman-Krul (Miller Thomson) explore the federal Ecological Gifts Program, which provides an avenue for Canadian taxpayers who hold ecologically sensitive land in Canada to give this land away to simultaneously protect nature for future generations and attract favourable tax consequences in the process. 

In the piece, the authors discuss the benefits and process of donating ecologically sensitive property by means of inter vivos and testamentary gifts, highlighting the intricacies of the process and the importance of obtaining proper tax and legal advice.

Click the link below to access the full article on Reuter’s Taxnet Pro platform (subscription required)

• Gifts of ecologically sensitive land for tax planning purposes

About Gowling WLG’s Charities & Not-For-Profits Group

Gowling WLG provides a broad range of services to charities and other not-for-profits in all areas of law, including taxation, intellectual property, corporate and commercial, litigation, real estate, employment and public policy matters. Learn more