Financial Advisor

How can you leave a legacy for less money? Here is one way of making a major charitable contribution, even if you are not wealthy.

As an example, let’s say you are 50 and in decent health (assuming a 35 year life expectancy). You are able donate $1,000 a year to your favourite charity.

Here is what you could do:

With a donation amount of $1,000 a year, this would cost you $550 per year after tax credits.

The total is $19,250 over a 35 year period that would come out of your pocket. Using our strategy, you could actually end up donating $162,000 to your favourite charity! This is an effective rate of rate (after tax credits) of 10%! Continue reading ‘How to Leave a Legacy for Less: Affordable Giving’ »

The story of two Hobos

Late one night, deep in the ‘hood, two homeless men curled up on top of a steam grating. It was chilly outside, and the warmth they found behind the old factory was welcome indeed. They made some cheap conversation;

Fat Jack: Hi there, you from these parts? Slim Jim: Reckon I am – I be here ten years now!

Fat Jack: Well the name is Jack, Fat Jack is what I’m called. As a joke, that is. Slim Jim: Joke??

Fat Jack: Cause I’m really darn thin. Not eating right all these years and all… Slim Jim: Well, the same joke here; I’m known as Slim Jim, and no, I never was! Continue reading ‘Charity – The Hobo’s Point Of View’ »

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