Triple your gift, triple your impact… at no additional cost
Philanthropic Tax Planning
The Foundation WCPD is a public donor advised fund that specializes in boosting the donations of Canadians using its public flow-through share structure with a liquidity provider.
In May 2006, our firm made financial services history when Dr. Earl Wynands, an eminent anesthesiologist and Order of Canada recipient, participated in the first flow-through share donation without paying a capital gain. Since then, our firm has worked tirelessly to educate philanthropists, companies, charities and foundations that there is a better way to give. Today, Philanthropic Tax Planning has become a reliable and trusted method to reduce tax, and for those that wish to, give more to charities of their choice. In fact, Foundation WCPD has performed more transactions than any other firm, leading to charitable donations north of $250 million by our clients all across Canada.
Meanwhile, our company continues to be a dedicated member of the community, supporting charities and campaigns in cities throughout the country. A true sense of corporate social responsibility and sustainability cuts to the heart of everything we do.
Our clients include a large number of major philanthropists, entrepreneurs, business executives and health, accounting and legal professionals. Drawing on the expertise of accountants and tax lawyers, Foundation WCPD analyzes strategies to dramatically reduce your tax burden, which allows you to give more. Our efficient flow-through model is further assisted by an esteemed Philanthropic Advisory Council, featuring some of the top financial professionals in Canada with specializations in tax, government policy and philanthropy. This founding board is assisted by our exclusive advisory councils representing culture, mining, women and the National Hockey League (NHL).
Our team is passionate about helping you get the most out of your donations while reducing tax.
We believe you and your charity deserve the highest returns possible.
What charities are important to you?
How it Works
First and foremost, giving back comes from the heart. Many philanthropists do not always consider tax savings when it comes to their donations. Foundation WCPD seeks to change that.
Our clients are among the most successful and generous people in society. Most want to know – what is the best and most efficient way to give? The answer to that question is through public flow-through shares with a liquidity provider. Using our proven and efficient flow-through share model, Foundation WCPD can typically triple donations, and triple your impact, at no additional cost. Individuals and companies also have the option of earning an after-tax profit. We have facilitated significantly more flow-through transactions than any firm in Canada and assisted in over $250 million in donations to charities across the country.
Since 1954, Canada Revenue Agency (CRA) has offered a 100% tax deduction on flow-through shares, which are stock issued by junior mining companies in Canada to fund drilling and exploration. The government offers this tax incentive due to the mining industry’s crucial role in the Canadian economy, while serving as a major employer of Indigenous Peoples. Governments of the world have also deemed mining essential to our green energy future, through the much-needed supply of critical minerals. To learn more, click here.
To unlock the tax benefits, clients purchase these public flow-through shares and donate them to charities of their choice. The shares are then immediately sold at a discount to an institutional buyer, or liquidity provider, for cash. This liquidity provider takes on the stock market risk – this is a key benefit. The charity receives the cash proceeds, but issues a donation tax receipt to the donor, generating a second 100% tax deduction.
By combining these two taxes policies, our clients can reduce their taxes, and if they wish to, give more to a cause that touches their hearts. Foundation WCPD takes care of the entire process for you, from beginning to end.
Step by Step
Some of our clients have their own private foundations to distribute funds. For the convenience of our clients, we also offer Foundation (WCPD), a registered donor-advised foundation that efficiently disburses cash donations from the cash proceeds of the flow-through sale. Once the cash arrives in the foundation, there is no fee or deadline to allocate your charitable donations.
Clients can even assign his or her foundation a unique name, such as the Johnson Family Foundation, for example, which would then rest under the umbrella of the Foundation (WCPD).
By The Numbers
Advanced CRA tax rulings on this exact structure, with flow-through shares
The year CRA introduced flow-through shares as a 100% tax deduction – three years older than RRSPs
Number of personal tax return filings since 2006, using a flow-through tax receipt and a charity tax receipt
Amount of charitable giving facilitated by the Foundation (WCPD)
Number of cheques issued by the Foundation (WCPD) to other charities, as directed by clients
Years the Foundation (WCPD) has specialized in philanthropic tax planning