Individual versus Corporate Donations

Canadian Moneysaver, Cynthia Kett

Individuals who own shares in a private company should consider whether they will realize greater tax benefits by donating to charity personally versus through their corporation. I’ve assumed that income needn’t be flowed out of the corporation as a taxable bonus or dividends to enable the shareholder to make a personal donation. That is, there are sufficient funds on hand both personally and corporately to fund the contribution.

(View rest of story in PDF)