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All items tagged with: charity

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:

The New Philanthropic View: Impactful, Charity-Minded Millennials

Posted: November 20, 2018 By : Beth Graddon
Posted in: Strategic Thinking , Strategic Philanthropy, charitable giving, Millennials, philanthropy, legacy, donations, CAGP, Spire Philanthropy, impact investing, charity, millennial

A recent study shows that millennials care more about others than any other generation in recent history. But, the data also identifies an important gap: 49 percent don’t have a will at all, and only 31 percent have a will that’s up-to-date. Without proper estate planning, their assets may never end up in the hands of the organizations millennials want to invest in to make a difference.

The Changing Face of Charitable Giving in Canada

Posted: October 30, 2018
Posted in: Strategic Thinking , Strategic Philanthropy, tax incentives, philanthropy, DAC speakers, CAGP, donation, charity, Ruth Mackenzie, gift giving

According to recent tax filing statistics, charitable giving has been on the decline in Canada – except in Manitoba! But that doesn’t mean that generosity ceases to exist. Philanthropic investment trends are changing, and people are giving back in new and different ways. That provides an important opportunity for advisors to help clients with a philanthropic conversation, while deepening their own professional fulfillment.

Poll Results: Advisors Must Put More Emphasis on Discussing Charitable Giving

Posted: January 09, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , knowledge bureau, tax returns, charitable giving, Evelyn Jacks, income tax, tax courses, financial advisors, tax advisors, financial education, Knowledge Bureau poll, online education, Super Donor Credit, donation tax credit, charity tax credit, resolutions

In December, we asked Knowledge Bureau Report readers, “In your opinion, are tax and financial professionals taking the time to help clients understand the benefits of charitable giving?” In a surprising result, only 17 percent thought their peer group was spending enough time counselling their clients how to make donations in a tax-efficient way.

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.

Charity Scheme Attract New Penalties

Posted: July 10, 2014
Posted in: Strategic Thinking, Did You Know, Tax Planning , charity schemes

For the 2013 and future tax years, CRA will be allowed to collect up to 50% of the taxes they think are owing as a result of your participation in the scheme, even if you decide to file a Notice of Objection.