In our latest Donor Story, we highlight the philanthropic work of a Canada Gives Foundation family with deep roots in India. Their passion for bringing their late mother’s giving wishes to life—using international giving to help impoverished girls in the developing world attain meaningful education—and drive to bring multiple generations together to build a transformative […] The post A Canada Gives Donor Story: International giving in honour of a loved one appeared first on Canada Gives ..read more

One of the many advantages of a Canada Gives Foundation account is the flexibility and ease of use that the structure offers to philanthropists. In our latest Donor Story, we explain how Canada Gives donor client Robert Porter—after being introduced to our organization by his financial advisor—used a donor advised fund at Canada Gives to […] The post A Canada Gives Donor Story: Internet for Humanity connects rural Africa to the web appeared first on Canada Gives ..read more

One of the most common questions asked by successful entrepreneurs who exit a business, or others who gain considerable wealth through life events such as an inheritance, is: what next? With financial independence achieved, they wonder what they’ll do with their time and how their wealth will impact family dynamics. Of growing importance to so […] The post Navigating your philanthropic journey using a personalized Canada Gives Road Map appeared first on Canada Gives ..read more

Dale and Joan Parker had achieved many of their life’s goals. They’d raised a wonderful family, found professional success (Dale is a former lawyer) and had the financial security to share some of their wealth with a range of charities. Their goal was to build a legacy of charitable giving that would outlast them and foster a habit of generosity that spanned generations. So, when the B.C.-based retirees set out to develop an estate plan four years ago, they put charitable giving at the forefront—with a focus on family. Specifically, they wanted to include their adult son, daughter-in-law and ..read more

Originally published by the CAGP on April 30, 2024 – https://www.cagp-acpdp.org/en/blog/how-does-the-2024-budget-effect-the-charitable-sector   On April 16, 2024, the Canadian federal budget was tabled. How does this budget affect the charitable sector? Alternative Minimum Tax (“AMT”) Reform In effect for almost forty years, AMT was introduced as a means for the government to ensure individuals and certain trusts pay at least a minimum amount of tax. AMT is an alternative tax regime where high-income earners and trusts calculate their income tax liability based on rules th ..read more

The journey to becoming a philanthropist is an extraordinary experience, to say the least. It’s one that involves understanding the causes that you and your family wish to support, and the portion of your wealth that you plan to donate to fulfill your charitable giving goals—making the world a better place in the process. Perhaps most importantly, it’s about working to define your family’s collective values and how they may shape your philanthropy. Our recent blog on determining what type of charitable gift is best touched on this topic, but it’s one that’s worth exploring in far greater ..read more

As our Canada Gives Foundation families get set to celebrate the holidays, they’re mixing present wrapping with charitable gift planning. That often means bringing their loved ones into the philanthropic fold, involving the next generation in their generosity as they work to select the charity(ies) they’ll be supporting through their Canada Gives Foundation account in the coming year. Every year our Client Services team is asked the same question: Which type of charitable gift is best? Because they’re dedicated to making a difference to the causes they support and across their communities, ou ..read more

Sometimes the federal government makes news by introducing sweeping new policies. At others it does so by saying little—or nothing—on a specific topic. This week’s 2023 Fall Economic Statement accomplished the latter by disregarding the charitable sector’s calls to roll back some proposed amendments to Canada’s Alternative Minimum Tax. In an earlier blog  we outlined how Ottawa is planning to bolster the existing Alternative Minimum Tax (AMT) regime to limit tax credits, exemptions and deductions that are perceived to be helping higher income individuals minimize their tax burden. But in ..read more

Every year we have the pleasure of delivering an overview of our performance as an organization. But the real joy is telling the story of our Foundation families’ extraordinary—and unwavering—generosity. Their dedication to giving back and making a difference continues to help create positive outcomes across Canada’s charitable sector. But as we celebrate another year of their giving success, we should acknowledge that it came during a period of unique challenges. For one, the bull market that followed the COVID-19 pandemic quickly subsided after 2021. What followed in its wake was a decisive ..read more

 The federal government makes frequent tax changes that are intended to deliver specific policy outcomes. In some cases, these have been designed to increase the flow of donations to registered charities across the country. In 2006, for example, Ottawa eliminated the capital gains tax on publicly traded securities donated to a charity, while providing a donation tax credit for the value of those securities. But as tax and personal finance columnist Tim Cestnick noted in a recent Globe and Mail column , Ottawa is again changing donation-related tax rules—with the potential for a significant n ..read more