What You Should Know About Charitable Giving in Canada with Sherri Grosz

Mindful Money Management

Lynn Whetham speaks with Sherri Grosz from Abundance Canada regarding the best ways for Canadians to donate their money. In 2013, the vast majority of Canadians (82%) made financial donations to a charitable or non-profit organization. Most Canadians give cash directly to the charity but there can be good reasons to explore additional ways to give and resources available to help. When donating, regardless of the amount, it’s important that people ensure they can track their donations, both from a financial planning and tax efficiency perspective. Working with a financial planner to build charitable giving into your overall household budget can help ensure you maximize the amount you’re able to give and allow you to take advantage of the tax benefits associated with your donations. www.abundance.ca