Thursday, 2 May 2024, 12:25 PM
Site: RRU Open Educational Resources
Course: Give Green Canada (Give Green Canada)
Glossary: Here is a Helpful Glossary of Gift Planning
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Adjusted Cost BaseAdjusted cost base. The original cost of property adjusted in accordance with the provisions of the Income Tax Act. |
Alter ego trustA trust where the settlor (person transferring property into the trust) acts as trustee and receives income (as beneficiary) from the trust while alive. |
AnnuityA contracted right to receive payments of a specific amount at stated intervals for life, or for a term of years, in consideration of a transfer of cash or other assets. |