Philanthropy

Planned GivINg

When it comes to philanthropy, there are more benefits than what you might anticipate.

Planned giving can

  • provide increased gifting to the charity of your choice
  • reduce your tax liability
  • increase the value of your estate that passes to your heirs

A Win-Win Situation

Many of our clients are generous supporters of various charities and humanitarian organizations. Not only does giving make us feel good, it can deliver additional benefits. Our Federal tax system encourages Canadian individuals and corporations to give, by providing considerable tax relief. We help guide our clients in structuring their giving so that the charity benefits as much as possible, while ensuring our client's tax burden is minimized.    

There are a number of different ways to donate to charity.

Learn the tax benefits of giving, and weigh the pros and cons of giving cash vs mutual funds, flow through limited partnership shares, and employee stock options.

Life Insurance* can also be utilized in planned giving

  • premiums can be treated as donation tax credits
  • the death benefit can be paid to the charity and considered a donation made by the client before their death
  • the estate can be eligible for a charitable donation on the terminal return 

* Insurance products provided through Dundee Insurance Agency Ltd.

There are specific details to how these various scenarios must be structured, so call us today if you have any questions or would like to discuss your situation: 604-575-6911. Or, if you prefer, you can email us.

The CRA


The Canada Revenue Agency (CRA) registers qualifying organizations such as charities, gives technical advice on operating a charity, and handles audit and compliance activities.  Registered charities are required to file an annual information return with the CRA, a portion of which is available to the public, and must meet certain requirements of the Income Tax Act concerning their expenditures and activities.