In the new episode of From the Source, Frankie and Sarah continue exploring the tax implications of charitable giving, comparing gifts made during your lifetime with those outlined in your will.

Episode 10 ⁠–⁠ Leaving a Legacy Through Charitable Giving Part 2

In this conversation, Sarah and Frankie cover the importance of donating to registered charities for tax receipts, the value of the donation that can be claimed and the need for proper documentation. They also explore the different ways individuals and corporations can donate ⁠–⁠ including the tax benefits of donating publicly traded securities directly to charities ⁠–⁠ and they emphasize that recent changes to the alternative minimum tax (AMT) may impact decisions on whether to donate personally or through a corporation.

Frankie and Sarah discuss:

• The tax benefits of charitable giving
• The reasons charitable receipts from qualified donees are necessary
• The different ways you can donate
• The reasons you can’t use a US donation against Canadian‑sourced income
• Changes to the alternative minimum tax (AMT)
• Whether you should donate personally or through a corporation
• The differences between gifting during your lifetime and through your estate

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Connect with Frankie Loreto and Sarah Netley

• Courtice.BakerTilly.ca
• LinkedIn: Baker Tilly Canada
• LinkedIn: Frankie Loreto
• LinkedIn: Sarah Netley
• Telephone: 905.579.5659

Meet the Author

Sarah Netley
Courtice, Ontario
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Francesca Loreto
Courtice, Ontario
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