Our Views

This weekend, as families gather for a socially-distanced (even virtual?) Thanksgiving dinner, the things we once took for granted, we now take with gratitude. Some of our client families use this traditional weekend celebration to discuss their charitable giving plans – putting gratitude into ... Keep Reading "A philanthropy primer: high-impact, tax-smart giving" >

For a variety of different reasons, many high net-worth individuals include charitable giving as part of their wealth management plans – whether to reduce tax on large capital gains, drive social change, or unite family around a common cause. During the COVID-19 crisis, the ways some have ... Keep Reading "Stories of charitable giving in response to COVID-19" >

Advantages of donating securities through a corporation In last week’s post, we examined the comparative benefits of making charitable donations of cash versus securities with an accrued capital gain. The short answer: from a tax perspective, it’s far more efficient to make donations of ... Keep Reading "Celebrating the season of charitable giving – Part 3" >

Last week in this blog, we introduced the concept of charitable giving through a Foundation Account at Canada Gives. As promised, this week we look at the tax benefits of donating securities versus cash – whether it is to your own private foundation, a Foundation Account at Canada Gives or ... Keep Reading "Celebrating the season of charitable giving – Part 2" >

For charities, it’s the most wonderful time of the year! The start of the holiday season, when many people turn their thoughts – and actions – to charitable giving. Thanksgiving, November’s “Giving Tuesday” and religious holidays can all inspire a spirit of generosity. There’s also a measure of ... Keep Reading "Celebrating the season of charitable giving" >

One of Newport’s guiding principles of wealth management is to share best practices with our clients. Charitable giving is important to many of our clients, some whom have undertaken amazing charitable projects over the years. Some give directly to charities and others have established private ... Keep Reading "My strategy for charitable giving" >

It is, as they say, a nice problem to have: You have been successful at making money. You/your advisors are competent at managing money. And now you want to give some of it away through a pro-active charitable giving strategy. But knowing how to give money away effectively feels daunting. ... Keep Reading "How to get good at charitable giving" >

In my insurance practice, I am meeting more and more baby boomers with the same predicament: they have a life insurance policy they no longer need, that has no cash value and annual premiums that are getting more and more expensive.  It becomes a source of irritation to see cash going out the ... Keep Reading "Found money: How to unlock value from an old insurance policy" >