We know that Canadians have their own reasons to donate their assets or a portion of their money to charitable institutions. Some of them find comfort in helping others who are less fortunate, while others simply want to share their fortune.
Giving back to the community or contributing to noble causes is admirable, but did you know that you can also benefit from your good deeds?
Syrja & Associates can help you craft a well constructed plan that can maximize you benefits and effectively share your wealth. Through our service and the IG Wealth Management Charitable Giving Program, we can provide an efficient way for you to give to charity. And allowing you to make the difference you always wanted. The account set up and register in your name with your donation is a “donor advised” account. Which makes grants over a period of years to charities you choose without the responsibilities and expense of creating your own foundation. Additionally, you will receive an official charitable donation tax receipt that can provide you with tax benefits.
The donation tax credits that you receive can be used to provide tax savings and successfully reduce your taxes. Clients with high income can receive additional value from their donation tax credit, providing further tax incentives. There is also flexibility to carry-forward donation credits to any of the following five years or utilize them on your spouse’s tax return.
Our professionals can evaluate your unique circumstances to identify opportunities and enhance tax efficiency. 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. There is significant flexibility in selecting what to donate.
Let us help you make the right choices, the IG Wealth Management Charitable Giving Program is a partnership between IG Wealth Management and the Strategic Charitable Giving Foundation. And it has been proven to be successful for many of our clients.