How can Individuals and Business Owners Benefit by Doing Good through Philanthropy?
Philanthropy is a manifestation of a deep personal desire to help others. We can participate through donations of both tangible (wealth or assets) and intangible (time) resources to organizations and causes that support, among others, humanitarian, medical and social needs.
For those who feel the pull towards philanthropy, there are impactful wealth planning strategies to consider.
While giving back evokes happiness and fulfillment, and is a great reminder to be grateful for what we have, it can provide a number of wealth building and planning opportunities too—anyone can do well by doing good through philanthropy in Canada.
In this article, we explore how being philanthropic can add real value to your wealth plan as an individual and as a business owner.