Tax Assistance for Charitable Donation Example: Tax Assistance for Gift of Cash vs. Publicly Traded Securities Cash Publicly Traded Securities Fair Market Value of Donation $1,000,000 $1,000,000 Top Marginal Tax rate 46% 46% Value of Charitable Donations Credit (A) $460,000 $460,000 Typical Cost Base Security $400,000 Capital Gain Security $600,000 Capital […]
Philanthropic Giving in Canada Part 3: How & Choice
April 7, 2015
To gain any tax benefits, gifts must be directed to one of the 85,000 charitable organizations authorized by CRA to provide tax receipts for donations. Gifts made during the donor’s lifetime (inter vivos) are eligible for a tax credit up to 75% of the donor’s net income. Any unused excess can be carried forward for 5 years. Gifts made on […]
Philanthropic Giving in Canada Part 2: What? Immediate or Deferred
March 7, 2015
If financial planning is the art of wealth accumulation then estate planning is the science of its successful distribution. Planned Giving is where the donor’s legacy thinking and objectives meet the tax efficiencies supported by the Canada Revenue Agency (CRA). CRA’s definition of a gift: “Voluntary transfer of property without valuable consideration” Is the […]
A brief history and encouragement
May 15, 2012
We have all marvelled at the magnificence of baronial manor houses; majestic castles and grand property holdings as we have travelled throughout various parts of the old world. Generally speaking these were all built for the few extraordinarily wealthy on the backs of inexpensive labour by the many in an age where the concept of a […]
