Tax Minimization and Philanthropy. A match made in heaven!

One of Canada’s best kept secrets is the Donor Advised Fund (DAF).

I'm no longer surprised at how many successful clients, estate planning professionals and charitable donors don’t know about this philanthropic and tax-effective treasure available to all Canadians.

My guess is that likely 90% or more of wealthy Canadians and professional advisors don't know about DAFs or what they can do to create legacies, making giving easier while also saving taxes.

Learn the difference between a Private Foundation and a Donor Advised Fund (DAF) in this short video.

Joseph Devaney CPA, CA of Video Tax News asked me to explain the relative merits of both options to CPA’s and tax professionals across the country in this new video.

His company has provided Canadian accounting professionals with practical tax Information since 1980.

In this 7 minute video I share lots of good advice and explain why Private Foundations are actually public and Public Foundations are actually private (true!)

In addition to several great year-end tax saving ideas, I divulge two of the biggest secrets: Private Foundations and DAFs can own, pay for and be the beneficiary of personal Life Insurance. And, Life insurance can provide several cash flow benefits for charities while you are alive and not only at death!

Watch the video here and please share with your network

Begin the philanthropy conversation with your clients early on so it becomes part of their comprehensive tax and estate planning and you don't run into end-of- year deadlines.

Please reach out and let's collaborate together.