Posts Tagged ‘business’
Establishing a Generous Legacy
By any measure, Syed* had done very well in life. In addition to raising a happy family, he had established a number of successful private business ventures and invested well in real estate and the stock markets. He kept his feet on the ground by focussing on the gratitude he felt for his good fortune,…
Read MoreDonate Now, Disburse Later
Are you facing additional or unusual taxable income? Consider a Generosity Plan™ to help you make a strategic donation now and support your favourite charities for years to come. John* was nearing retirement when an economic downturn forced his company to make some tough decisions. The severance package he received provided more than he needed…
Read MoreWorth the Effort: Donating Private Company Shares
Writing a cheque may be the most obvious way to give to charity, but if you own shares in a Canadian Controlled Private Corporation (CCPC), donating those shares to charity in-kind has the potential to provide significant additional tax benefits. Complex rules apply to this gift planning strategy, but with proper planning and professional advice…
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…
Read MoreDeck the Halls with Generosity
I like Christmas specials. Each December (and sometimes in between) the kids inevitably watch ‘Elf’, often listed among the most beloved Christmas films of the 21st Century. Buddy’s adoption story resonates with my family (not that any of us were raised by elves), as all my children are adopted. We enjoy his journey to reunite…
Read MoreThe Business of Generous Giving
As a young entrepreneur, Steve Brandt didn’t spend a lot of time thinking about how he could be generous. He had grown up in a Christian home and during that time had seen his parents give faithfully to their local church and to those in need. However, starting a livestock transportation business from scratch took…
Read MoreGenerosity Strategies for the Self-Employed
Sisters and business partners, Janice and Jenn Nelson* run a small but thriving real-estate agency they built up over years of hard work. From the time they were young, they both valued giving to charity. However, being in the real-estate sector, their income was tied to the fluctuating market conditions, so they settled on giving…
Read MoreThe Business of Being Generous
The business world is often described as a battle ground. Competitors are to be crushed and customers are to be won over. The bottom-line rules. Companies may strategically give away products and skills. Yet, the root goal is brand awareness or making useful relationships. Is this what generosity looks like in the business world? Doug…
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