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Advise

The Role of the Professional Advisor
Professional advisors are in a unique position to support their clients to realize their philanthropic goals by helping to design charitable gifts that can maximize the tax and other financial planning benefits.

Research shows that only 7% of Canadians would leave money to charity in their will, in the absence of a specific discussion around charitable giving. However, if the issue is raised with them, perhaps when drawing up a will or financial plan, the figure rises to 27% - more than a three-fold increase.

One Example of the After-tax Cost of Philanthropy

(Assuming an Ontario resident in 2010 with taxable income of $60,000)

Donation

$1,000

$5,000

$10,000

$25,000

Tax credit on donation

361

1,966

3,976

10,000

Net Cost

369

3,034

6,024

15,000

 

Resources from Community Foundations of Canada
Canadian Foundations

Talking About Charitable Giving

Top 10 Reasons for Discussing Philanthropy
How to Start the Discussion
Ways to Talk About Giving
The Life Stages of Giving
Research on Charitable Giving in Canada
Ten Reasons People Choose Community Foundations

Tools & Resources for Professional Advisors
The Gift Matrix
Gift Options

Glossary of Charitable Giving Terms