Advise Clients on How to Give to Charities Tax-Efficiently

Expand your career with a solid understanding of strategic charitable planning and assist your clients with philanthropic goals as part of an overall wealth management plan. Enrol in Investment Strategies in Charitable Giving and save $50.

"Not only were my objectives met but my knowledge was broadened beyond my expectations. In addition, I find this to be a true inspirational course! I don't know of a single person who doesn't want to save taxes and this is the perfect course for everyone! It brought to light the many incredible tax advantages which I never thought were possible. Before this course, I gave to charity with my heart. Now, I will also give with my heart but will certainly take advantage of the huge tax savings in the process by choosing from the many strategies and options. I can't wait to spread the knowledge."
– Maria C., QC

Investment Strategies in Charitable Giving

Investment & Retirement, Succession & Estate Planning

By: Nicola Elkins

PROGRAMS: Investment and Retirement Services Specialist

Canadians are becoming more philanthropic, giving more every year to causes that are important to them.  The world of philanthropy is changing - people want to be in control of how they give. They are holding the organizations accountable for the money and want to see how it is managed. They're becoming far more demanding in wanting to maximize the impact of their donations. This course is to assist financial advisors who want to ensure their clients' gifts complement their overall wealth management strategy in a tax-effective manner.

Content Description & Key Concepts:

1. Gifts of Securities
2. Charitable Bequests
3. Life Stage Planning
4. Charity Law and Taxes
5. Why Philanthropy?
6. Gifts of Life Insurance
7. Donor Advised Funds
8. Income Producing Gifts
9. Other gifts
10. Issues for Advisors

KEY BENEFITS FOR THE STUDENTS

• Learn how to integrate charitable giving strategies into your annual financial reviews.
• Learn how to use charitable giving as a way to build your business.
• Discover how to plan and implement the partnerships with the charities selected by your clients.
• Help clients to decide whether they want to give directly, start their own charity, give through an endowment, or use donor-advised funds.
• Determine which financial tools and techniques are appropriate for certain client situations.
• Understand your role in terms of your clients' charitable giving.

CERTIFIED SKILL SETS: Using case studies and exams, students will learn to convey the process behind some of the most powerful gift planning concepts used by financial advisors to maximize charitable gifts while minimizing taxes for clients:

• Familiarize yourself with the potential pitfalls of charitable giving including how to look out for those tax shelter schemes not acceptable to CRA.
• Complete the case studies to test your new skills in defining gift plans for clients using charitable bequests, gifts of securities, gifts of life insurance, donor advised funds, real estate and other gifts.
• Understand the main components of charity law and taxes that can affect gift plans.
• Learn the different benefits for donors of different gift types and determine which are most appropriate for your clients.
• Discover how to find resources to assist you in the development of a client's gift plan.

PRACTICE MANAGEMENT THESIS: To test the learning process, the student will answer multiple choice questions and work through a mini true-to-life case study.

KNOWLEDGE BUREAU TOOLS INCLUDED:

• EverGreen Explanatory Notes
• MASTER Your Philanthropy
• Sample Deed of Gift
• Sample Bequest Language
• Sample Power of Attorney
• Gift Planning Matrix

MARKS ALLOCATION: