As we move toward the end of the year, we approach the season of giving. Many Canadians also increase their charitable giving during this period. However, not everyone is maximizing their giving in the most tax-efficient way.
A carefully constructed giving plan can maximize benefits to you, your family and the causes you care about
Charitable giving and philanthropy is an important part of a comprehensive wealth management plan. Your IG Consultant will help integrate your values and goals into a carefully constructed plan to share your wealth in the most tax-efficient manner.
Consider which causes are important to you and how best to support them
Your IG Consultant can assist you with your giving options, such as utilizing a donor-advised fund which can provide many of the benefits of a private foundation without the upfront costs and administration responsibilities.
We can help you develop a long-term strategic approach to charitable giving to build your lasting legacy and foster multi-generational philanthropy.
Strategize the timing and source of your giving
We can assess your unique circumstances to identify opportunities and enhance tax efficiency. There is significant flexibility in selecting what to donate. If you hold publicly traded securities; such as stocks, bonds, or mutual funds, and choose to gift these investments then additional tax savings can be realized. Your IG Consultant will review potential strategies to ensure both you and your chosen charity benefit to the fullest from your gift.
The IG Wealth Management Charitable Giving Program
Maximize your giving while minimizing complexity. A partnership between IG Wealth Management and the Strategic Charitable Giving Foundation – the IG Wealth Management Charitable Giving Program is a donor-advised charitable giving program that facilitates philanthropy without the administrative responsibilities, time commitment or the expensive setup and continuing costs of a private foundation.