Charitable giving allows your wealth to support the people, communities and causes that matter to you.
Charitable giving can be an important part of your overall wealth strategy, helping you support meaningful causes while making informed decisions about timing, tax considerations, and legacy planning.
Building giving into your plan
Charitable giving should support your values without putting your other priorities at risk.
Your plan may consider:
- The causes you want to support
- How much you can comfortably give
- Whether to give now or through your estate
- The tax implications of different gifts
- Your retirement income needs
- The legacy you want to create
This helps turn individual donations into a more coordinated approach.
Donating appreciated securities
Donating publicly traded securities can be a tax-efficient way to support a registered charity.
Rather than selling the investment and donating the cash, you may be able to transfer the securities directly. This can reduce or eliminate tax on the capital gain while generating a charitable donation receipt.
Creating a longer-term giving strategy
Some families want their charitable support to continue over many years.
Options may include:
- Regular annual donations
- Donor-advised funds
- Charitable gifts through a will
- Naming a charity as an insurance beneficiary
- Establishing a family giving tradition
- Supporting a specific project or organization
A structured plan can make giving more consistent and easier to manage.
IG Charitable Giving Program
For families looking to create a more structured approach to philanthropy, the IG Charitable Giving Program offers a donor-advised giving option through the Strategic Charitable Giving Foundation.
The program allows you to establish a charitable giving account, make irrevocable contributions of cash or eligible investments, receive a charitable tax receipt and recommend how funds are invested and distributed to eligible charities over time. Assets within the account can grow on a tax-exempt basis, helping support giving today while creating the opportunity for a longer-term charitable legacy.
It can offer many of the benefits associated with a private charitable foundation without the same level of cost and administration. Your family can also be involved in future giving decisions, helping charitable giving become part of the legacy and values passed from one generation to the next.
Our team can help you explore whether the IG Charitable Giving Program fits within your broader financial, tax and estate plan.
Involving the next generation
Charitable giving can create meaningful conversations with children and grandchildren.
Families may choose causes together, discuss the purpose behind their wealth or involve younger generations in future giving decisions. This can help pass along values as well as financial assets.
Our team can support these discussions and help each generation understand the broader plan.
Connecting giving to your estate
Charitable gifts can form an important part of an estate and wealth transfer strategy.
Planning may involve gifts through your will, insurance, securities, or other assets. We help you consider how charitable giving can support your chosen causes while accounting for your family, final tax obligations, and the efficient transfer of your estate.
Based in Mississauga, we work with individuals and families throughout Oakville, Burlington, Etobicoke and the GTA.