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LEGACY IN ACTION
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With the arrival of spring comes that other annual
ritual... tax season.
Though tax season is rarely anyone’s favourite time of year
(sorry accounting friends), it presents a great opportunity
to support Canadian charities. Understanding the benefits
of the tax treatment of donations can enable even larger
donations to the charities that matter most to you.
One example of tax-efficient donations is publicly listed
securities, which are eligible for special tax treatment when
used for charitable giving. For donation purposes, the most
common investments that qualify include shares that are
listed on a prescribed stock exchange (such as the Toronto
Stock Exchange) or units of a Canadian public mutual
fund corporation or trust.
To help us understand the value of tax-efficient
donations, we reached out to a friend of ECF, Cary
Williams. Williams is a certified financial planner, a
registered portfolio manager in Alberta, British Columbia,
Saskatchewan and Ontario, and co-owner of Edmonton-
based independent wealth advisory firm North Road
Investment Counsel. With 15 years of experience advising
high-net-worth families on investing and charitable
giving, he is the ideal person to explain the process of
donating securities.
ASK THE
EXPERT:
Donating Publicly
Traded Securities
Generosity Generosity Education
Cary Williams
Certified Financial Planner & Portfolio Manager
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