Posts Tagged ‘advice’
Make a Statement (Part One)
Practical Benefits of Giving to Charity in Your Will Your last will and testament are more than just a statement of what to do with your valuables – it is a statement of your values. Beliefs. Family. Charity. Abundance Canada clients Paul and Janet* had drawn up their wills many years ago, but as they…
Read MoreDonating Bonds: An Efficient Solution in Crisis
Donating bonds is a great option to explore when stock markets drop, and interest rates start to fall. Individuals and corporations that donate publicly traded securities in-kind avoid paying the capital gains tax. Publicly traded securities are stocks, bonds, mutual funds and ETFs (Exchange Traded Funds) listed on a designated stock exchange. With the decline…
Read MoreGenerosity in Tax Season? (Part Two)
Link to Part One Like most Canadian taxpayers, Joanne and John Nelson* knew that charitable receipts generated tax credits that helped offset their income tax payable. That wasn’t why they donated to their favourite charities, but they appreciated the benefit, as it often allowed them to be a little more generous with their donations. The…
Read MoreGenerosity in Tax Season? (Part One)
It is once again tax-filing season. Time to check the mail each day for those stray T4’s and T5’s and gather up a year’s worth of receipts for medical and education expenses and charitable donations. For the highly organized among us the start of tax season triggers little more than walking a few steps to…
Read MoreSimple, Joyful Giving
It brings people joy to take part in a holiday tradition of supporting others, and the variety of opportunities for charitable giving this time of year makes being generous both simple and convenient. It’s not surprising that Canadian charities receive most of their annual donations in the last six weeks of the calendar year. However,…
Read MoreHard Conversations Are Worth Having
Wise will planning is much more than just dividing assets after you die or thinking about charitable bequests. The type of assets you have, your values, the needs of your loved ones and the type of relationship you have with them must all be considered in your planning. That is part of what makes conversations…
Read MoreUpsize Your Giving: 5 Ways You Can Make a Bigger Impact
Anna* was ready to downsize a lot of things in her life. At 75 years old and widowed, she knew she was better off making changes while she could still manage everything. After some careful planning, she began scaling back her house, her vehicle, and even her extensive volunteer commitments. Meanwhile, her charitable giving happened…
Read MoreStarting the Conversation
Advice on how to talk about your will and values with your children Part One of a Two-Part series It is time to update our wills. When we last made them our kids were in junior high and elementary school; now, they both have University degrees and their own careers. But our kids aren’t the…
Read MoreGive More with Gifts of Securities
Did you know cash donations aren’t the only way you can support your favourite charity? There might be a more tax effective way to give. Individual and corporations that donate publicly traded securities in-kind avoid paying the capital gains tax. Publicly traded securities are stocks, bonds, mutual funds and ETFs (Exchange Traded Funds) listed on…
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