You can donate a primary or secondary family residence to the Gatineau Health Foundation while retaining its use for the rest of your life. The Gatineau Health Foundation will assess the real estate gift’s compliance with its donation acceptance policies and draw up the appropriate documentation.
You can choose to donate the property immediately or retain its use during your lifetime and donate it afterwards as part of your estate planning.
REAL ESTATE GIFTS OFFER SEVERAL TAX BENEFITS:
When you make a real estate gift that comes into effect immediately, a donation receipt is issued for the property’s fair market value, as determined by a qualified appraiser.
If the property is sold and the proceeds are donated, a receipt is issued for the amount of the donation.
If the gifted property is the donor’s principal residence or certified ecologically sensitive land, there is no tax payable on capital gains.
If the donation is a secondary residence, 50% of capital gains are taxable. However, the tax credit will exceed the tax on the capital gains, resulting in net tax savings.
For any question regarding planned gifts or to participate in a personalized consultation, please communicate with Chantal Dompierre, Director of major donations and planned gifts: 819-966-6108, ext. 305 or by email