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- April 10, 2011: Open letter to visitor to our web: Rant on CRA
- April 9, 2011: CRA loses a big one in Provincial Criminal Court. VooDoo Accounting Fails the CRA.
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- February 17, 2011: Farming losses can now be taken against primary income.
- February 10, 2011: The CRA Audit Machine. Why you need the protection of audit ready books.
- February 6, 2011: CRA trys to reinvent the meaning of the term "Principle Place of Business."
- February 6, 2011: W5 exposes how CRA has disdain for even their own rules.
- January 31, 2011: There are more than 10 ways to avoid an audit!
- January 12, 2011: About dealing with CRA... sometimes there is justice.
- January 4, 2011: Canada Revenue Agency letter campaign
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Give away investments as a charitable donation.
Giving to charities can create a tax deduction as well as help others. Just make sure you give in a win win way. Win for you and the targeted beneficiary of your gift.
The Process 1) Identify Your Values and Concerns - What is more important to you, religion, environment, animals, or education? Are you interested in community, service, peace, or justice?
2) Develop a giving plan - How do your values and concerns translate into an effective giving plan?
3) Research your favorite charities - There are a few good Internet sites to take a look at, including www.charityvillage.com, and www.imagine.com
4) Make sure the charity is accountable - Do a fair amount of due diligence on the charity to make sure your dollars are going where you want them to go. What is the charity’s strategy? Are they accountable? Can you designate where you want the gift to go?
5) Time to grant - This is the last step, only after you have diligently completed the aforementioned four steps.
If you gift to a charity by giving stocks or mutual funds directly, instead of cash, you can save on the taxes associated with capital gains, as well as get the deduction for the donation. This can amount to thousands of dollars in savings for you.
The trick here is that you don’t personally cash in the investments, instead you gift it to the charity and you get a receipt without taking the investment into your name. You just leave the investment where it is and give it as is.