All items tagged with: charitable donations

Addressing Philanthropy Goals Before Year-End

Posted: December 04, 2018
Posted in: Strategic Thinking, Current Issue , Strategic Philanthropy, charitable donations, donation tax credit, philanthropy, charity, donations receipts, giving, MFA- Philanthropy

In the height of charitable giving season, a review of recent tax changes provides an opportunity for advisors and clients to plan more strategically, while maximizing tax savings and planning 2019 investments before year-end. Here’s a checklist of talking points for your December meetings:

New Gift Planning Designation for Advisors

Posted: September 24, 2018 By : Knowledge Bureau Writers
Posted in: Breaking News, Practice Management, Strategic Thinking , Strategic Philanthropy, charitable giving, charitable donations, Donations Savings Calculator, tax deductions, financial education, philanthropy, donations, The Canadian Association of Gift Planners, CAGP, Spire Philanthropy

The Canadian Association of Gift Planners (CAGP), Knowledge Bureau and Spire Philanthropy are pleased to announce their collaboration to introduce a new professional designation for the financial services sector. The MFA™ Strategic Philanthropic Services Specialist designation will denote specialized professional credentials to develop plans for individuals and families interested in strategic philanthropy.

It’s Better to Give…Before the First-Time Charitable Donor’s Super Credit Disappears

Posted: December 19, 2017
Posted in: Strategic Thinking , Financial Literacy, tax credits, knowledge bureau, charitable donations, Evelyn Jacks, tax courses, financial education, tax benefits, charitable donation claims, donating to charity, First Time Donor’s Super Credit, tax-efficient planning, tax incentives

In the spirit of the season, it’s heartwarming to know that the vast majority of Canadians are lending a helping hand to those in need. And what goes around comes around: be sure to inform your clients about tax credits they may qualify for, thanks to their generosity.

Gift Not Negated with Inflated Charitable Tax Receipts

Posted: May 08, 2014
Posted in: Breaking News, Tax Planning , tax court, charitable donations

As per subsection 118.1(3) of the Income Tax Act (the Act), an individual may claim a tax credit with respect to a gift made to a registered charity. The amount of the tax credit is determined by the amount of the gift.

Stay Away from Charity Schemers

Posted: March 20, 2014
Posted in: Strategic Thinking, Tax Tips, Succession & Estate Planning, Tax Planning , charity schemes, charitable donations tax shelter

If you participate in an abusive charitable donations tax shelter, you’re opening yourself up to a sure audit.

Donations Changes in the Spotlight

Posted: February 26, 2014
Posted in: Strategic Thinking, Tax Tips, Succession & Estate Planning, Tax Planning , charitable donations

From a personal tax perspective, rules surrounding donations were a significant part of the tax changes introduced as part of the 2014 Federal Budget announced on February 11.