Philanthropy
Planned GivINg
When it comes to philanthropy, there are more benefits than what you might anticipate.
Planned giving can:
- provide increased gifting to the charity of your choice
- reduce your tax liability
- increase the value of your estate that passes to your heirs
A Win-Win Situation
Many of our clients are generous supporters of various charities and humanitarian organizations. Not only does giving make us feel good, it can deliver additional benefits. Our Federal tax system encourages Canadian individuals and corporations to give, by providing considerable tax relief. We help guide our clients in structuring their giving so that the charity benefits as much as possible, and in turn, our client's tax burden is reduced.
There are a number of different ways to donate to charity.
Learn the tax benefits of giving, and weigh the pros and cons of giving cash vs mutual funds, flow through limited partnership shares, and employee stock options.
Life Insurance can also be utilized in planned giving:
- premiums can be treated as donation tax credits
- the death benefit can be paid to the charity and considered a donation made by the client before their death
- the estate can be eligible for a charitable donation on the terminal return
There are specific details to how these various scenarios must be structured, so call us today if you have any questions or would like to discuss your situation: 604-575-6911. Or, if you prefer, you can email us.
The CRA
The Canada Revenue Agency (CRA) registers qualifying organizations as charities, gives technical advice on operating a charity, and handles audit and compliance activities. Registered charities are required to file an annual information return with the CRA, a portion of which is available to the public, and must meet certain requirements of the Income Tax Act concerning their expenditures and activities.
Giving to Charities - Information for Donors
Search the CRA Website For a Charity
Donor Alert - Protect Yourself Against Fraud
CONTACT US:
For more information on how you can benefit from the experience of the LaLiberté Investment Team professionals, contact Jen Moulder, Licensed Sales Assistant at 604-575-6911 (toll free 1-866-575-6911) or by email at [email protected]
If you wish to contact a specific team member directly, please see our webpage titled "Our Team" for more information.
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