Posts by James Burden
Five Big Myths of Generosity
Originally published in Exchange Magazine, 2020 Q4 Edition. Read the article by David Barker, Gift Planning Consultant at Abundance Canada on “Five Big Myths of Generosity”.
Read MoreFight “COVID Fatigue” with Generosity
Back in March, the sudden arrival of COVID-19 brought out the best in us as people made grocery and pharmacy runs for elderly neighbours, lined up to clap for health care workers, and wrote messages of hope on windows and sidewalks. Now we’re entering the eighth month of this pandemic, and it’s no wonder we are all starting to feel fatigued [1]. With…
Read MoreMaking a Difference with a Gift of Life Insurance
The United Nations Women recently warned that alongside the Covid-19 pandemic, women around the world have suffered a “shadow pandemic” of domestic violence. This is no surprise to Abundance Canada client Christine Kampen, whose early career experience counselling women at a sexual assault centre in Saskatoon and at a transition house for battered women in Abbotsford brought her face…
Read MoreBuilding A Charitable Legacy Using Life Insurance
As David and Anna settled into the rhythm of retired life, their thoughts turned to the future. They had always prioritized two things – family and charity. They knew there must be a way to support both with their estate but were not sure of the best options. They contacted Abundance Canada for help. David and…
Read MoreThe Benefits of a Gift of Life Insurance (Part 2)
A gift of life insurance can be an effective way to support charity. If you need the charitable receipt in your estate and not during your lifetime, you might choose to retain ownership of the life insurance policy and name a charity as the beneficiary. Naming a Charity as the Beneficiary of a Life Insurance Policy When you name a charity as the beneficiary of your life insurance policy, you remain the policy owner. …
Read MoreThe Benefits of a Gift of Life Insurance (Part 1)
Thanksgiving is often the time of year when we consider the abundance we have and reflect on the needs of others. Some of us extend our generosity as part of our Thanksgiving traditions; researching opportunities to give and then writing a cheque, participating in a food collection drive, or spending some time volunteering. As wonderful as giving back like this can…
Read MoreGive Today to Create a Better Tomorrow
I love my job. In my time at Abundance Canada, I’ve had a front row seat to Canadians’ charitable giving for over twenty years. It is a joy to work with people who generously donate their time and money to make the world a better place. The good accomplished through Canada’s 170,000 charitable and not-for-profit…
Read MoreWhen 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…
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