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Would you like to
sponsor a homeless pet at Walker's Animal Rescue Centre and
sign up for an automatic monthly donation? As little as $20 a
month can cover the routine costs of caring for a cat or dog
to provide basic food and care.
Perhaps your club would prefer to sponsor one
of our larger animals, such as a llama, alpaca, horse or
pig.
Call Walker's Animal Rescue Centre for details
and a brochure at 250-754-7081 or email us, then
come in and choose the animal whose A.R.C. Angel you would
like to be, or let us choose one for you.
Introduction to Charitable Giving
By
Phil Forster
As a proud supporter of Walkers Animal Rescue, I am honoured to support Stephanie and her charitable enterprise.
Most of us give to charities at the door or on special occasions, however there are some significant other ways, as follows:
Regular monthly contributions by direct debit from a bank account, this doesn’t just make it easier for the donor but creates a regular and reliable cash flow to your charity. This aids forward planning.
For those who are retired and are subject to the government clawback on pensions, consider the purchase of a life annuity bought with non registered funds. This TOTALLY guaranteed product creates a TAX REDUCED income stream, reduces or removes the clawback on pension income and can create a regular contribution to your charity, further more, the charitable contributions further reduce your taxable income at tax reporting time.
Consider the use of life insurance as a gift upon death, the tax laws are favourably positioned to reduce tax on your estate using this method. Often life insurance is paid from the annuity income stream from the annuity method described above. Do not assume that because you are retired or in less than perfect health you will not qualify. The tax department approves of joint last to die insurance which is specifically designed for charitable giving, is unbelievably affordable to get even in older ages and for those in less than perfect health.
Charitable trusts are very effective for those with larger than average estates and require a personal discussion to explain in full detail.
Basic Charitable tax law says:
75% of your income can be donated towards charitable donations in each year of life and 100% of your final years’ income can be donated to charity, effectively eliminating all taxes on your estate and therefore increasing the inheritance to your heirs.
Recently, the tax department removed the payment of capital gains tax on donated securities to a charity at death, a huge bonus for charities and estate planning. Professional advice is essential here.
Donated real estate has its’ own rules and require a personal discussion. This list is not conclusive and exhaustive by any means.
About Phil Forster:
Phil has been a financial planner for 22 years, has placed in the top 1% of the world for 10 years and is one of the leading charitable advisors on Vancouver Island. He has exhaustive tax and estate planning education and until recently was a senior advisor with an international investment firm in estate planning.
For further information, which places nobody under any obligation whatsoever, and all information is held in the strictest confidence, you may call Phil at 250 754 7327 or email him at pwf@shaw.ca, or contact Stephanie Walker for further details.
Let’s give Walkers Rescue the best possible chance at helping our silent friends.
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