Tuesday November 28th is Giving Tuesday

We speak with many clients who want to align their investment strategies with their philanthropic goals. Tuesday November 28th is a great way to do this. After Black Friday and Cyber Monday, days often focus on our own needs, Giving Tuesday is a day paying attention to giving back. Giving Tuesday The stock markets in general have performed exceptionally well over the past year, and many investors may have investments with greatly appreciated market values, held in taxable accounts. This may be an excellent time to consider your charitable and philanthropic goals. If you were to sell securities with a capital gain you could be liable for capital gains tax. Donating the securities instead allows you to mitigate those taxes thanks to CRA approved tax rules AND also claim a charitable tax credit. This is like having your cake and eating it too! Always consult a financial advisor to see how this strategy may apply to you and to discuss the options, alternatives, pros and cons.  Join the movement dedicated to giving back.