Posts Tagged ‘Charitable giving’
The 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 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 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 MoreThe Freedom of Disciplined Giving
Growing up in Enniskillen, Ireland, Albert Elliott learned to practice generosity from a young age. His parents faithfully supported their local church, including encouraging their son to place his own bit of money into the collection plate every Sunday. He was also deeply influenced by an aunt who gave generously to help others. “She used to…
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