Philanthropic Tax Planning
Our clients are among the most successful and generous people in society. Most want to know – what is the best and most efficient way to give? The answer to that question is through public flow through shares with a liquidity provider. Using our proven and efficient flow through share model, The Foundation can typically triple donations, and triple your impact, at no additional cost. We have facilitated significantly more flow through transactions than any firm in Canada and assisted in north of $125 million in donations to charities across the country.
Since 1954, Canada Revenue Agency (CRA) has offered a 100% tax deduction on flow through shares, which are stock issued by junior mining (and oil/gas) companies in Canada to fund drilling and exploration. The government offers this tax incentive due to the mining industry’s important role in employment and economic development, along with the substantial tax revenue should the company make a discovery.
By combining two taxes policies, our clients can reduce their taxes while giving more to a cause that touches their hearts.
Donation provides matching funds to Federation emergency campaign.
eter Nicholson, founder and president of Foundation WCPD, has made a $36,000 donation to the Jewish Federation of Ottawa Emergency Campaign for Community Resilience which will be used as a matching incentive for new donations to the campaign from Sunday, June 28, 10 am, until Tuesday, June 30, 10 am.
Under the matching incentive, a new donation of $500, for example, will effectively bring $1,000 to Jewish agencies in Ottawa serving clientele impacted by the COVID-19 pandemic..
Help Logan meet his birthday
fundraising goal for CHEO
Born with pneumothorax, explained as a collapsed lung, Logan Hussein spent his first days inside a specialized incubator at CHEO.
Since then, his family has been fundraising as a way to say thank you to the doctors and nurses who helped their son. Each year, the family aims to fundraise the same amount of money as Logan’s age.
On Nov. 26, Logan will be 12-years-old. However, his fundraising goal has expanded.
“I’m raising money for the incubators because without them so many kids wouldn’t be here, and I’m one of them,” Logan said.
With a $25,000 donation from Peter Nicholson of the WCPD Foundation, Logan has already surpassed his goal for this birthday. Now, he is pushing to reach $200,000 to purchase a neonatal transport incubator for CHEO. So far, with Nicholson’s donation and years of fundraising, the family has raised more than $61,000 of the $200,000 goal.
Even in crisis, major donors are stepping up
To say we live in unprecedented times is a huge understatement.
In so many ways, our day-to-day lives have fundamentally changed, from the way we do business, to how we socialize with others, and of course, to how we raise money for the charities that are important to us.
On a typical year, I would attend dozens of fundraising events, whether it be galas, golf tournaments, breakfasts or endless cocktail parties. As a philanthropist, I would happily take out my foundation chequebook at the end—it’s how we’ve been raising money for hundreds of years.
And my company, The Foundation WCPD, would always be a loyal sponsor at many of these events.
But once the pandemic hit, the world changed.