
Commerce Valley Financial Group
Ross Ferrier
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Making A Difference With Charitable Giving
There are many benefits to charitable giving, from the satisfaction of giving back to the community and helping those in need, to the tax credits that can provide significant tax relief during your lifetime and minimize future taxes payable by your estate. Whatever your objective, choosing to support a charity is an important and personal decision that can make a positive impact on your cause, your charity and yourself.
There are many different ways to give: donating through campaigns, volunteering your time, or giving directly to different charities. If you donate directly to a charity, the charity receives the gift immediately. As a donor, you have no future obligation, commitment or control over your donation.
Instead of making a direct gift to charities, you can strategically organize your charitable giving to achieve your philanthropic objectives and create a lasting legacy for generations to come either through creating a private foundation or setting up a donor advised fund.
Each charitable giving option has its own advantages and tax implications. It is important to create a charitable giving strategy that balances your own financial situation with your philanthropic objectives.
I've worked closely with you to reach your personal investment goals. Now, I can help you make a difference with charitable giving. Contact me today!
Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors.
If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor.