Philanthropy a benefit for the giver and the community

More and more the news covers stories about the ultra-rich giving away their wealth, namely Bill Gates and Warren Buffet. Even Canada’s own Paul Martin has established a charitable foundation which benefits First Nations peoples. The same can be said for many of Canada’s leading families. There is no doubt there is a growing income […]

Financial ‘to do’s’ before the end of the year

Grandparents, parents, friends and family can contribute to RESPs (Registered Education Savings Plans) for children. Grandparents, parents, friends and family can contribute to RDSPs (Registered Disability Savings Plans) for qualified disabled individuals. A donation to an eligible charity can reduce annual income tax. If you turned age 71 this year you must convert RRSPs to […]