For Accountants: Getting Started
Last updated
Last updated
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.
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.
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!
to learn more about how a Giving Fund works.
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.
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.
For more information or to get started:
Dan Kyte, Director of Finance and Investments
Email:
Unlock all the benefits of GiveWise—visit