RESOURCES
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)