Giftabulator is a financial tool for individuals to use to explore ways to reduce or even eliminate tax implications, while maximizing their charitable gift to the charity, or charities of their choice! Whether giving now, or estate planning to give in the future, CFPEI’s Giftabulator makes giving clearer than ever.
Disclaimer
This information is provided for illustrative purposes only. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. and the Community Foundation of PEI assume no liability for errors and omissions. To assist you in taking the next step, please contact your accountant, lawyer, financial advisor or the Community Foundation of PEI. The information provided on the GIFTABULATOR® application is for educational purposes only. The examples of specific outcomes that are illustrated are for informational purposes only and are not recommendations. No information or data is stored on the website and thus your information is completely anonymous. The scenarios presented in the GIFTABULATOR® application are not meant to provide legal, accounting, tax, financial or other professional services/advice. All materials are provided as is without warranty. Although every precaution has been taken in the preparation of this material, FUNDING matters® Inc. assumes no liability for errors and omissions.
Assets
– Lifetime Capital Gains Exemption: A capital gains exemption of $835,714 is available for small business corporation shares and fishing property. For farms it is at $1,000,000. Note that the value utilized for the capital gains exemption is $835,714. This exemption can only be used once during life, per person, for both small business shares, and farms. The GIFTABULATOR® Tool is for illustrative purposes only, and for any business donations, it should be handled by a tax professional.
Income
– Salary Income Amount: User selection of income range will result in the selection of an income amount that will place them at the lowest of the income bracket selected.
– Bequest Amount: A bequest is an amount you can donate to receive a tax credit. It is calculated using cash, registered investments, real estate (non-principal residence) and/ or other assets. Please note that you can donate your primary residence, however, it has been omitted here because primary residences are not taxed.
As a result of the high level of federal, provincial, community and Host Society investment into our Island communities, the 2023 Canada Games Host Society is committed to developing a meaningful and impactful Legacy Program that will benefit sport and communities for generations to come.
“Thanks to the efforts and support of host society staff, many volunteers, sponsors, funding partners, and strong financial management, the Host Society will have a financial surplus of approximately $5.5 million dollars,” says 2023 Canada Games Chair Wayne Carew.
The purpose the 2023 Canada Games Legacy Fund is to develop and build upon the legacies of the past Games in a way that benefits sport throughout Prince Edward Island. The 2023 Canada Games Legacy Fund will complement and not duplicate the exceptional results of the 2009 Canada Games Dreams and Champions Program that will continue to exist in Prince Edward Island.
The Host Society has partnered with the Community Foundation of PEI to distribute the financial legacy to Provincial Sport Organizations (PSO), Partner Municipalities (preference given), and provincial not-for-profit organizations.
Applications for the 2023 Canada Games Legacy Fund will be accepted between May 13th, 2024 and September 30th, 2024 through the PEI Grant Application Portal, administered by the Community Foundation of PEI.
All eligibility information, project criteria and more can be found within the application portal. Access the portal by clicking the APPLY NOW! button below.
The 2024 edition of “The Jake” will take place on the weekend of September 27-29, 2024 and will be open to anyone wishing to participate.
The Jake is an annual Run-Bike-Walk event in memory of Jacob Simmons of Belfast, PEI – an avid athlete who was killed at the age of 27 by an impaired driver while cycling on June 12, 2020.
The event began in August, 2020 when a group of 22 current and retired PEI education administrators participated in a biking event on selected portions of the Confederation Trail, and in the process raised $850 towards the School Food Program. The participants very much enjoyed the camaraderie, the opportunity to connect with current and former colleagues, the exercise in the outdoors, the fact that they were making a contribution to the education system, and decided that it was an event worth continuing.
Since the first year, the event has supported two different causes, the Jacob Simmons Sports Scholarship (2021) and MADD Charlottetown & Eastern PEI (2022 & 2023).
The organizing committee of The 2024 Jake has decided to seek applications from PEI charities to become the beneficiary of this year’s event funds. Applications are now open and will close on July 15th!
In light of National Volunteer Week, April 14th through 20th, 2024, Community Foundation of PEI is proud to present the PEI’s Heart of Gold Volunteer Award.
The PEI’s Heart of Gold Volunteer Award reflects the warmth and generosity of the spirit of volunteers and their invaluable contributions to the charitable organization(s) they support.
Volunteers are fundamental to the charitable sector on Prince Edward Island and their contributions to our Island community should be celebrated!
Now through to April 30th, organizations are invited to nominate a volunteer whose sharing of time, skills, empathy, and creativity has been vital your organization & our Island community. The award winner will receive a keeper award to display, and Community Foundation of PEI will make a $250.00 donation to the volunteer’s charitable organization*.
To nominate a volunteer at your organization, click the button below!
Provincial Credit Union Scholarships are now available to accept applications from Island students! Applications will only be accepted via our CFPEI Scholarship application portal until May 3rd, at 11:59pm.
For answers to frequently asked questions, access to the portal as well as important dates – visit the Scholarship page by clicking on the buttons below!
Charitable tax receipts for qualifying donations made in 2023 have been processed and issued.
Those that have email addresses on file here at the Foundation will have received their receipts by email at the time the donation was made.
Those that do not have an email on file should have received them by Canada Post at the mailing address on file here at the Foundation.
Please note that donations made through the Canada Helps donation portal, would have been receipted at the time of the donation directly from Canada Helps.
If your email or mailing address information has changed and needs to be updated, or for general Community Foundation of PEI questions, please contact us by email at info@cfpei.ca or by phone at 902-892-3440.
Community Grants are now available to accept applications from Island organizations! Applications will only be accepted via our Community Grant application portal until April 15th at 11:59pm.
For answers to frequently asked questions, access to the portal as well as important dates – visit the Community Grant page by clicking on the button below!
In support of Island charities and the work the charitable sector does to make PEI a better place for all Islanders! For a complete list of participating charities, and to donate, visit www.cfpei.ca/peigives/ .
The Community Foundation of PEI and the Institute of Island Studies at UPEI are hosting a series of Vital Conversations with Prince Edward Island residents to collect insights regarding well-being and quality of life.
We know that people living on Prince Edward Island (PEI) share a legacy of coming together during hard times to build a stronger foundation for a vibrant future. As we emerge from the past several years of the COVID-19 pandemic, the recent post-tropical storm Fiona, and confront current pressing social and economic challenges, we believe that the same legacy holds the key to our collective recovery and growth.
Vital Conversations will help focus on what people living on PEI feel is important for their well-being and quality of life, especially as they emerge from the uncertainties of a pandemic and the aftermath of a post-tropical storm. What did we learn about well-being and island life during and following the pandemic and Fiona? How did we work well together? How do we prepare for the future, so we are better equipped for the next emergency? Vital Conversations are an effective tool to bolster community engagement and well-being, as they provide an opportunity to connect local organizations and resources and build new relationships that inspire action.
We think it is important for everyone on PEI to engage in Vital Conversations to identify which aspects of well-being are important to them and then determine what they can do to improve the measures within that area. The key is to identify measures of well-being that resonate and are amenable to policy and practice interventions – by individuals, organizations, communities, and government – that foster civic engagement, community vitality, and an overall sense of belonging.
During these town hall conversations, the Institute of Island Studies will share findings from its current Project Well-Being research which provides insight and data from the community regarding quality of life on PEI. Initial findings indicate that PEI has many solid well-being attributes and is clearly a good place to live, work, and play. However, the study also demonstrates that we have work to do to ensure that all people on PEI feel included in their communities and have opportunities for a full and abundant life.
Vital Conversations will be held in-person across PEI in the following sessions (locations subject to change):
- Mill River – Wednesday, May 17 – Mill River Resort – 6:30pm
- Summerside – Thursday, May 18 – Credit Union Place – 6:30pm
- Charlottetown – Wednesday, May 24 – Location TBA – 6:30pm
- Stratford – Thursday, May 25 – Lone Oak Fox Meadow – 6:30pm
- Souris – Tuesday, May 30 – Fiddling Fisherman Lookout – 6:30pm
- Montague – Wednesday, May 31 – Kingswood Centre (56 Crescent Lane, Montague PE) – 6:30pm
- Wellington (français) – mercredi 7 juin – Village musical acadien – 18h30
- Cavendish – Cavendish Visitor Information Centre – Date & Time TBA
To participate in one of the sessions, please register below.
The Doug Dennis Outstanding Public Service Award is intended to provide recognition to an individual or group that works for the Provincial Government and has made an outstanding contribution to the residents and Government of PEI. To learn more about the award and/or to nominate or apply, click the button below!