# For Accountants: Getting Started

## Maximize Tax Savings with GiveWise Foundation Canada: A Guide for Canadian Accountants

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#### Introduction

As a Canadian accountant, you play a crucial role in helping clients optimize their tax strategies. One impactful area is guiding them toward tax-saving charitable donations. By incorporating GiveWise Foundation Canada into your advisory toolkit, you can help clients achieve their philanthropic goals while maximizing their financial benefits.

[Read our testimonials here!](https://www.givewise.ca/financial-advisors)

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#### What is GiveWise Foundation Canada?

GiveWise Foundation Canada is a reputable public charitable organization facilitating tax-efficient giving. By leveraging GiveWise’s platform, individuals and corporations can make strategic donations to registered charities, supporting meaningful causes while reaping significant tax advantages.

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#### What is a GiveWise Giving Fund?

A GiveWise Giving Fund operates like a charitable bank account, enabling donors to:

* Add funds and donate to any Registered Canadian Charity.
* Set up recurring transactions for consistent giving.
* Manage donations as easily as paying bills through online banking.
* Do this and receive a single consolidated tax receipt!

[Watch this explainer video ](https://youtu.be/wKsjVtJ9scY)to learn more about how a Giving Fund works.

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#### Benefits of Working with GiveWise Foundation Canada

**1. Access to Tax Advantages**

* Maximize tax deductions, donation tax credits, and eliminate capital gains tax on donated appreciated securities.
* Offer clients enhanced tax benefits through strategic giving.

**2. Encourage In-Kind Donations**

* GiveWise accepts in-kind donations like securities, mutual funds, and real estate.
* Clients avoid capital gains tax while receiving a charitable tax receipt for the fair market value of their donation.

**3. Advise on Donation Strategies**

* Collaborate with clients to:
  * Align donations with financial goals, tax situations, and charitable interests.
  * Leverage the flexibility of Donor-Advised Funds (DAFs) for long-term charitable planning.

**4. Facilitate Charitable Gift Planning**

* Explore advanced giving options, such as:
  * Gifts of securities.
  * Flow-through resource investment donations.
  * Bequests in wills for lasting impact and estate planning benefits.

**5. Ensure Compliance and Reporting**

* GiveWise handles all compliance and reporting obligations.
* Streamline the donation process with rigorous policies that reduce administrative burdens for accountants and clients.

**6. Support for Private Foundations**

* Offer services like grant issuance and processing to simplify Private/Family Foundation operations.
* Enhance privacy by transferring activities to a public foundation like GiveWise, reducing public scrutiny.
* Use a Giving Fund as an alternative to setting up and running a Private/Family Foundation.

**7. Leverage Networking Opportunities**

* Engage with organizations like the Canadian Association of Gift Planners (CAGP) and local Estate Planning Councils.
* Enhance expertise through events, workshops, and seminars offering continuing education credits.

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#### Conclusion

Incorporating GiveWise Foundation Canada into your tax planning discussions helps clients maximize tax savings and create a legacy of generosity. These conversations often foster deeper, long-term relationships between financial professionals and their clients.

Empower your clients to make a meaningful impact on the causes they care about while optimizing their financial well-being. GiveWise Foundation Canada is here to educate and support your clients every step of the way.

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#### Contact Us

For more information or to get started:

* **Dan Kyte, Director of Finance and Investments**
* **Email:** <dan.kyte@givewise.ca>

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