Business professionals discussing charitable giving strategies

Charitable Giving as a Corporate Planning Tool

A powerful corporate planning tool in Canada, serving not only philanthropic goals but also strategic business, tax, and legacy objectives.

Strategic Benefits of Charitable Giving

When structured properly, charitable giving can help a corporation:

Reduce Taxable Income

Eliminate Capital Gains

On donated securities

Strengthen Brand

Reputation

Manage Tax Exposure

On sale or transition

Support Succession

And legacy goals

Ways Charitable Giving Can Be Used

1

In Withdrawing Corporate Assets

Charitable giving creates CDA credits that can be used to withdraw otherwise fully taxable liquid assets (ie: cash or investments), greatly reducing the overall taxes owing on the withdrawal.

2

At Sale or Wind-up of the Company

Charitable giving can be structured to help significantly reduce the tax burden of share sale proceeds.

3

Succession and Legacy Planning

A properly structured charitable giving strategy can create CDA credits when a business owner passes away, leaving more of an inheritance to their beneficiaries and loved ones.

Important: Charitable giving has great benefits for corporate business owners, however great risks can also exist when it's not set up properly.

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