Individual versus Corporate Donations

1 February 2009

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)

About Stewart & Kett

Stewart & Kett Financial Advisors Inc.
We are based in Toronto, Ontario, Canada
We are moving and will post our new address as soon as possible