Posts Tagged ‘publicly traded securities’
Dreams of Generosity
Melanie* worked hard running a successful business. And “run” was absolutely the right word to describe it – every day she was racing in several different directions and the Christmas season only added to the pressure. When Melanie finally sat down to review her annual charitable donations, her heart sank. She had made one-off gifts…
Read MoreMore Than Just Giving Back
People are passionate fans of a lot of different things, from hobbies to hockey to Sci-Fi. However, being passionate about a cause often brings to mind images of shouting into a bullhorn or holding a sign at a protest. But that’s not the case. Mary* is one of the most dedicated “fans” I know, quietly…
Read MoreGenerosity and Wise Financial Stewardship
A Surprising Discovery Alice* stood in the doorway of the farmhouse she and her husband Henry had occupied for over 40 years. Cleaning out the clutter accumulated over decades of ownership was a daunting task. However, with Henry’s passing, she had decided to move. Now, imagine her surprise when, amongst the possessions and papers, she…
Read MoreFollowing my Father’s Plan
Laurie Ball feels a deep sense of responsibility towards charitable giving. Because of her father’s failing health with dementia, she has taken on the responsibility of managing his legacy of generosity alongside her own donations. Managing her father’s financial affairs is a big responsibility for Laurie, but her father prepared her well. In addition to…
Read MoreUsing Your Generosity Plan™ for Tax Efficient Giving
The recent surge in real estate prices has inspired many Canadians to put property on the market. For those selling a property that does not qualify for the principal residence exemption, the resulting capital gain can mean a hefty tax bill. Making a donation to charity can help offset the capital gains tax, but did…
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 MoreMarkets Are Looking Up, and Your Charitable Giving Can Too
Instead of spending fun times at our favourite amusement parks over the past few months, many of us have been riding a different kind of a rollercoaster. Along with businesses and charities, investors white-knuckled it through volatile market ups and downs this spring and early summer as the world figured out the impact of the COVID-19 crisis. Thankfully, markets today have largely recovered, and most stocks and mutual funds have…
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 More