Example: The Gift that Keeps on Giving Assume you are considering making a charitable gift of $1 million. If you made that gift today, you would receive an income tax credit for this amount and receive a refund of $500,000, leaving a net cost of $500,000. You could also just make a gift today of […]
Philanthropic Giving in Canada Part 4
April 21, 2015
Tax Assistance for Charitable Donation Example: Tax Assistance for Gift of Cash vs. Publicly Traded Securities Cash Publicly Traded Securities Fair Market Value of Donation $1,000,000 $1,000,000 Top Marginal Tax rate 46% 46% Value of Charitable Donations Credit (A) $460,000 $460,000 Typical Cost Base Security $400,000 Capital Gain Security $600,000 Capital […]
Philanthropic Giving in Canada Part 3: How & Choice
April 7, 2015
To gain any tax benefits, gifts must be directed to one of the 85,000 charitable organizations authorized by CRA to provide tax receipts for donations. Gifts made during the donor’s lifetime (inter vivos) are eligible for a tax credit up to 75% of the donor’s net income. Any unused excess can be carried forward for 5 years. Gifts made on […]
Philanthropic Giving in Canada Part 2: What? Immediate or Deferred
March 7, 2015
If financial planning is the art of wealth accumulation then estate planning is the science of its successful distribution. Planned Giving is where the donor’s legacy thinking and objectives meet the tax efficiencies supported by the Canada Revenue Agency (CRA). CRA’s definition of a gift: “Voluntary transfer of property without valuable consideration” Is the […]
We have hired our new Client Service and Underwriting Assistant
August 17, 2013
We are very pleased to welcome Shaheeda Nagil to the Etherington Generations team as our new Client Service and Underwriting Assistant. Shaheeda brings with her many years of experience in the insurance world and will be a valuable addition to our organization.
We are hiring for a Client Service and Underwriting Assistant
July 15, 2013
Etherington Generations is looking to hire someone with fantastic customer service skills, who enjoys working with people, is organized, efficient, savors resolving servicing challenges and has some experience in the insurance industry. To download a pdf of the posting please click here
Reforming Canada’s prescription drug program
July 3, 2013
Did you know that Canadian’s spent more than $28 Billion on prescription drugs in 2012 – ranking us with the second highest per capita drug costs in the world! This is a serious issue facing Canadians and benefit plan sponsors alike. Andre Picard from the Globe & Mail wrote an excellent article on the Canadian […]
Great Heart & Stroke Foundation Health Assessment Tool
April 6, 2013
Visit the attached link from the Heart & Stroke Foundation of Canada and click on the “Assess Your Risk” button for an excellent health risk questionnaire. Click here
A Perspective on Taking a Retirement Benefit as a Pension or Lump Sum
October 2, 2012
We are often asked by our clients how they should handle their defined benefit pension when they switch jobs, see plans changed or before they are able to draw the income. John Heinzl from the Globe & Mail has an interesting perspective, Click here to read the article
Top 10 Blind Spots That Can Break Your Bank Account
August 27, 2012
Guest blogger: Simon Hermant We are pleased to welcome Simon Hermant to our blog. Simon is an Account Executive with HUB Intnerational, who are a leading global insurance brokerage that provide a broad array of property and casualty, life and health, investment and risk management products and services. All of a sudden ‘Risk’ is a […]
