I looked into this a little further after my absolute blunder of saying that Honey ran a not for profit. I cannot find any links to this information. I apologize for this. I can however find links to The" Sherman Family foundation" in Canada.. Not to be confused with "The Sherman Family Foundation" in Th U.S.
I want to add that a close examination of anyone's taxes will find some discrepancies. I have close friends that work for the Feds here. We talk about this frequently without mentioning the names of the individuals ,or companies of who we are discussing (This would be illegal in Canada).
IMO the deaths have little to do with the Shermans personally fighting over money. They were wealthy, very wealthy at the time of their deaths.
Note that in Canada you can :
- Be paid to be on a NPO board.
This is incorrect. Pls see:
https://www.canadiancharitylaw.ca/b...harities_in_ontario_-generally_prohibited_wit
- Write off 100% of your donations to a registered charity that you donate to on your personal income tax.
Not correct.
The write off of an eligible donation from an individual to an registered charity is not 100% , rather the tax credit (federal and provincial) is calculated on a formula based on a number of factors including the province you reside in:
See this link:
https://www.canada.ca/en/revenue-ag...its/charitable-donation-tax-credit-rates.html
Note that donations made by Canadian family foundation is not eligible for any tax credit as Foundations are already tax exempt.
https://www.canadiancharitylaw.ca/b...one_registered_charity_to_another_-_no_receip
Sherman Family Foundation-Registered Name: Sherman Family Foundation
Business Number: 813676186RR0001
150 SIGNET DRIVE-NORTH YORK, ON , M9L 1T9
From:
https://www.canadahelps.org/en/charities/sherman-family-foundation/
Revenue--No employees? -https://www.canadahelps.org/en/charities/sherman-family-foundation/impact/view/
3 Board members-
Should be 3 to 5 with some expertise ,and 50 percent of the board members
should be listed as "YES" At arm's length with other Directors-Not the case with the Sherman family foundation
Not correct. Board structure rules for Canadian family Foundations differ from that of registered charities.
Pls see #9 of this document:
https://www.globalphilanthropy.ca/images/uploads/Fallacies_about_Canadian_Private_foundations.pdf
^ The above means that upto 100% of the Shermans donations may have been written off against thier personal income taxes .
See link above .
The Canadian government did have income splitting as well,Honey not working at a job
could have benifitted them in thier personal income taxes
Non-profit tax and personal income tax
https://turbotax.intuit.ca/tips/dif...-profit-organizations-for-your-donations-5351
https://giveconfidently.ca/interpreting-government-information/
http://www.cra-arc.gc.ca/ebci/haip/...01&fpe=2015-12-31&n=Sherman+Family+Foundation
http://www.cra-arc.gc.ca/ebci/haip/...01&fpe=2015-12-31&n=Sherman+Family+Foundation
https://chimp.net/charities/sherman-family-foundation
https://www.marsdd.com/mars-library/board-compensation-npo-versus-for-profit-boards/
IMO The above information has little nothing to really do with this case.
Aside for the pay for acess issue I personally have problems with Honey having donated so much money to the Trudeau Liberals with her husband being a qualified lobbyist.
IMO our Canadian government has some real issues. Don't think this is a reason for murder either.
lobbyistslaws-lois.justice.gc.ca/eng/acts/e-2.01/FullText.html
https://lobbycanada.gc.ca/eic/site/012.nsf/eng/h_00012.html