Affluent Canadians plan to leave an average of 4 percent of their estates to charitable causes in their wills, according to a new report from BMO Harris Private Banking.
The third in a series of studies that examines trends among Canada’s affluent, the online survey was conducted on behalf of BMO by research firm Pollara. The study polled 305 Canadians and 482 Americans with at least $1 million in investable assets.
The study finds that almost three-quarters of Canada’s high net worth investors have returned to pre-recession levels of support for charities, with 48 percent reporting they are currently donating the same as they did before the onset of the recession and 36 percent stating they are donating more.