Advisors

Helping your clients make their legacies count, today and tomorrow

Recent tax changes on donations and securities have resulted in donors making larger gifts to their preferred charities, with unprecedented interest in planned giving.

As a trusted advisor, your strategic insights can play a valuable role in helping your clients create a tax-efficient charitable giving strategy. Canada Gives is a charitable foundation set up to manage Donor Advised Fund (DAF) accounts, an efficient and cost-effective tool for establishing a lasting philanthropic legacy. Consider ours a value-added service that relieves the administrative burden associated with establishing and managing a private foundation on behalf of your clients.

Your clients can set up a DAF account under the umbrella of Canada Gives in a matter of days instead of the months it can take to set up an independent private foundation
Unlike other DAFs, ours are customized so your client is in the driver’s seat
You manage the assets according to our IPS, not with a restricted list of investment options

It’s easier than you think

Advisors who recognize this trend and offer philanthropic services to their clients have a chance to:

Add and retain long-term assets by managing you client’s complete financial plan
Offer value-added services that tap into your client’s philanthropic dreams and aspirations
Build upon current services with minimal day to day responsibilities (as the host administrator, Canada Gives acts as the back-office to your client’s foundation)
Capitalize on succession opportunities – philanthropy is often multi-generational

Gifts of insurance

Estate gifts can be an excellent source of funds for charitable giving, creating substantial assets that the original donor’s family may use to participate in charitable giving.

In many cases, insurance may be the most financially-efficient method to bestow larger and more enduring gifts, while enjoying either current and/or future tax savings. For a copy of the Canada Gives Insurance Gift Acceptance Policy, please contact [email protected]

Case Studies and Financial Planning Resources are available in downloadable PDF format for your discussions with clients and prospects.

When making a gift of insurance to a Canada Gives Foundation account, please complete the Donation of Insurance form. Each gift will be assessed on a case-by-case basis, according to the Gift of Insurance Acceptance Policy.

Make the most of available tax benefits

Canada’s tax system provides incentives that encourage Canadians to donate to charities. Recent federal budgets made substantial changes to the Disbursement Quota, making it less complex for charities to accept donations that can support both short and long-term funding needs.

You can deliver value to your philanthropic clients with financial planning services that include charitable giving:

Combine two or more years of charitable donations into one year
Combine donations and/or claim them on the higher income spouse’s return
The maximum amount of donations that can be claimed in a year is 75 per cent of the net income. If donations have exceeded that limit, the credit can be carried forward five years
Consider charitable gifts in wills. The limit for donations in the year of death is 100 per cent of net income, and any excess can be carried back to the prior year’s income
All (cash) donations above $200 for the year give the donor a 29 per cent federal tax credit plus a provincial tax credit worth 45 per cent on average. Total tax credits vary by province, with special rules in Quebec
Whenever possible, donate publicly traded securities-in-kind; in most cases the capital gains will not be taxable, and can provide a considerably higher benefit than a cash gift

Tax calculator for donations

of Securities-In-Kind

Download PDF

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Case Studies

Work with Canada Gives

Canada Gives Charitable Registration #83306 2144 RR0001.
You can find us in the Charities Directorate at www.cra-arc.gc.ca

Toronto | Collingwood | Edmonton

1 (844) 583-4483

Canada Gives offices are located on the traditional territory of Indigenous peoples dating back countless generations. We want to show our respect for their contributions and recognize the role of treaty making in what is now Canada. Hundreds of years after the first treaties were signed, they are still relevant today. We seek to do better, to continue to recognize, learn, and grow—in friendship and community, Nation-to-Nation.

Canada Gives Charitable Registration #83306 2144 RR0001.
You can find us in the Charities Directorate at www.cra-arc.gc.ca

Toronto | Collingwood | Edmonton

1 (844) 583-4483

Call Us - 1 (844) 583-4483

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