Tax season is the best time to think about your future…and what comes next

CAGP Foundation

Will Power™ invites average Canadians to calculate the impact they can have if they make even a small donation to charity in their will, while supporting those they love.

OTTAWA, March 15, 2022 (GLOBE NEWSWIRE) — Tax season is a great time to take stock of your financial situation, and that includes thinking about what will happen to your money after you leave.

This is the message from the organizers behind Will Power™, a national initiative encouraging Canadians to create positive change in the world by leaving a gift to charity in their will, after caring for loved ones of course. Anyone interested in learning more about the potential impact they can have on causes that matter to them is encouraged to check out the Will Power™ Legacy Calculator at WillPower.ca/legacy-calculator.

“Tax time is the only opportunity we have each year to seriously think about our financial situation,” says Laurie Fox, Will Power™ Campaign Director. “Our message is simple: take advantage of tax season to plan your charitable giving so that you can do more. Planning to give even 1% of your estate to charity could become the biggest donation you will ever make.

The campaign website, Will.ca, provides advice on estate planning and will writing, tax saving tips, and information about charities and how they use future bequests. Visitors can also connect with advisors to take the first step towards a charitable bequest in their will. The website provides a useful guide for people to help them navigating that first conversation with financial advisors.

“Most people want to make sure they’ll have enough money to support themselves until retirement, and that there’s enough left over for family and friends,” says Nahanni Ackroyd, Certified Financial Planner at Ackroyd Financial Services. “But more and more Canadians are also realizing that they can take their estate planning one step further and also support their favorite charities – plus, they can enjoy significant tax benefits.”

Imagine Canada projects that over the next 10 years, Canada’s charitable sector will need an additional $25 billion to meet the growing demand for services. Will Power organizers predict that if enough Canadians join the effort and leave a charitable gift in their wills, we can raise up to $40 billion over the next 10 years to fill that void and keep it going. important social services.

About the CAGP and the CAGP Foundation
Will Power™ is a campaign of the CAGP Foundation in partnership with the Canadian Association of Gift Planners (CAGP). The CAGP Foundation aims to financially support the development and promotion of excellence in charitable gift planning in Canada; The CAGP is a national trade association that brings together charitable fundraisers and advisors who advance strategic charitable giving in their communities. Both organizations believe that we can build a better world by putting the power of philanthropy in the hands of more Canadians, through bequests and other types of strategic giving. Learn more about www.cagpfoundation.org / www.cagp-acpdp.org

Media contact:

Angela Pinzon, Disabled Driver
[email protected]
+647-295-0517