Posts Tagged ‘finances’
Impacting Generations
The Konrads have demonstrated generosity since the beginning of their relationship, a value they both hold dear and learned from their parents. “When we got married, we knew that it didn’t take big money to make an impact,” Robert says, “We could have an impact just by giving our time and giving what we could.”…
Read MoreFreedom to Take Your Time
From the time we are young, we are taught that decisions about money are not to be taken lightly. We need to take the time to decide where our hard-earned money goes. Whether it is saving up for a car, a holiday or a home, life experience familiarizes us with the pillars of financial literacy.…
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 MoreA Business Option Worth Considering
Business succession planning provides the perfect opportunity to use strategic generosity to fulfill your charitable aspirations while maximizing tax efficiency. The majority of small and mid-sized businesses in Canada are owned by individuals over fifty[1]. Within the next 10-20 years, many of these businesses will experience an ownership transition due to life events such as: Retirement…
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 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 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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