The November issue of Consumer Reports says that you should keep the following in a safe-deposit box: 1  Wills and other estate planning documents (with copies to your executor, attorney, and physician (for health-care proxy) or anyone making decisions on your behalf.).he November issue of Consumer Reports says that you should keep the following in a safe-deposit box: 1  Wills and other estate planning documents (with copies to your executor, attorney, and physician (for health-care proxy) or anyone making decisions on your behalf.).
A registered charity that confers on a person an undue benefit is liable to a penalty equal to 105% of the amount of the benefit. This penalty increases to 110% and the suspension of tax-receipting privileges for a repeat infraction within 5 years.
In 1984, the Internal Revenue Code (âCodeâ) was amended to include the term âfringe benefitsâ i n the definition of gross income found in Â§61. A fringe benefit provided in connection with the performance of services, regardless of its form, must be treated as compensation includible in income under Â§61. Whether a particular fringe benefit is taxable depends on whether there is a specific statutory exclusion that applies to the benefit.