Give Manitoba

JUNE 11, 2022 | give Manitoba 7 MaryAnn Kokan-Nyhof, certified financial planner, certified life underwriter and branch leader at the Kilcona branch of Desjardins Financial Security Investments Inc. (Supplied photo) "The conversation starts usually with a tax return. I will see the receipt for charitable giving and I will ask 'Do these places have a special meaning for you?' and there's usually a story for everybody. So that's how the conversation starts and then I launch into the discussion of 'Did you know that not only can you give, there are ways to give charitably where you can benefit in terms of tax savings?' and many people don't know that," she says. You likely know that donations can provide some tax relief come filing time. As your investments mature or you want to make changes to your portfolio, designating them to a charity can avoid additional taxes associated with cashing out or transferring assets. "If you have a stock portfolio that has increased in value, if you sell those shares, you're going to pay tax on your capital gain, but if you donate those shares, you will not pay any tax and you will get a charitable donation receipt. So, it's a double benefit," Kokan- Nyhof explains. Posthumous gifts tend to be larger and therefore need to be arranged with a legal or financial authority to be carried out as instructed. Some forms of major gifts include bequests, leaving a sum or percentage of your estate to a charity; donations of shares, stocks, RRSPs or TFSAs; and the purchase of an annuity or the creation of an endowment or trust through a foundation that will manage your donation and oversee its distribution over time. A planned gift doesn't depend on a donor's current wealth: it can come from life insurance, equity or real estate holdings, for example. To find out more about planned giving options, contact your favourite non- profit or financial planner. Including a gift to the WHS in my will is very personal. I believe it is important to honour and remember our loved ones in our estate planning. Our beloved pets, Fargo, Rocky, and Sunny were a special part of our family and I wanted to provide a gift to the WHS in their memory to help the ongoing work of the WHS in the future. GL ORIA M. L E G A C Y D O N O R Who we choose to include in our Wills is a reflection of those who are most precious to us in life – family, friends, and the causes closest to our hearts. When you decide to leave a planned gift to the Winnipeg Humane Society (WHS) in your Will, you are providing care for the future generations of dogs, cats, and critters who need our help the most. Let Your Love of Animals BE YOUR LEGACY When you notify us that you are leaving a gift to the Winnipeg Humane Society in your Will, you become a member of our Faithful Forever Society. This Society is comprised of like-minded individuals who receive personalized updates on what is happening at the shelter as well as private tours (upon request). Let your love of animals live forever through a planned gift to the Winnipeg Humane Society. To leave a planned gift contact Sharon Rubel at sharonr@WinnipegHumaneSociety.ca or 204 982 2033 WinnipegHumaneSociety.ca/ways-to-help/planned-giving CONTINUED FROM PAGE 6

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