Archive for September 2020
When Giving Is Good for Business: Donating Private Company Shares (Part 2)
In Part One, I introduced you to Keith and Edward, who contacted me to help them donate $100K of private company shares. Although complex rules apply, with proper planning and professional advice, this gift planning strategy can be a tax efficient way to support charity. How to Donate Private Company Shares The process of donating private company shares to Abundance…
Read MoreWhen Giving Is Good for Business: Donating Private Company Shares (Part 1)
Edward & Keith always knew they wanted to work together. After earning their CPA designations, the brothers took the plunge and went into business together. They incorporated their accounting business, which qualified as a Canadian Controlled Private Corporation (CCPC). In time, the business became quite successful and the brothers were happy to give back to…
Read MoreMarkets Are Looking Up, and Your Charitable Giving Can Too
Instead of spending fun times at our favourite amusement parks over the past few months, many of us have been riding a different kind of a rollercoaster. Along with businesses and charities, investors white-knuckled it through volatile market ups and downs this spring and early summer as the world figured out the impact of the COVID-19 crisis. Thankfully, markets today have largely recovered, and most stocks and mutual funds have…
Read MoreAugust 2020 Newsletter
With non-essential travel restricted this summer, Harold Penner, Gift Planning Consultant and his wife have rediscovered the joy of their own backyard. In this newsletter, Harold discusses how having a plan that fits into your life now and into the future can help you keep up with your charitable giving even when the busyness of…
Read MoreSupport Your Favourite Charity with Gifts of Securities
Fred Smith* is a big-hearted man, and has always donated a percentage of his annual income to charity. When the homeless shelter in his city launched a fundraising campaign to construct a new building, he decided to give them an extra $10,000 above his annual support. Fred was excitedly telling a friend about the project over lunch one day when his friend told…
Read MoreA Generosity Mindset
Even though it’s been a few years since my kids were in school, our household still settles back into new routines this time of year. My wife and I sit down in September and fill out the calendar with our various commitments. While this activity has the potential to feel overwhelming, I’ve found that taking…
Read MoreThe True North, Strong and Generous
In 2007, I embarked on one of the biggest adventures of my life. I moved to Ontario from my home in the UK. Like most immigrants, I was seeking new opportunities and a better quality of life. I never imagined that becoming Canadian would teach me to adopt a lifestyle fully grounded in generosity. Before…
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