Serbinski Accounting Firms

Correction: The credit would be for the US Estate Tax since there would not be income tax in a situation where the charity is named a beneficiary of the account.

Digging into this a bit more and assuming that this is for a green card holder living in the US at death, that the person is not married.
I found that it would be possible to claim a tax credit for a charitable donation to an IRAs and 401K (by naming the charity as a beneficiary). Is it fair to ...

Thanks Nelson. This helps a lot. I haven't found much info on the topic of cross border charitable donations.

Hi,
I am investigating how a RRSP would be taxed if all of it was given to a public charity at death.

Assuming this would be for a Canadian citizen permanent resident in the US. My current understanding is that 100% of the amount donated would result in an automatic 25% tax withholding in Canada ...