Don’t give your money to the government, give it to the Lord

Don’t give your money to the government, give it to the Lord

We all know that we are to give to Caesar (the CRA) his due in taxes. What many don’t know is that the Canadian government has a number of incentives for those who give to charities, which in our case are many assembly ministries, to reduce the amount of taxes you pay.

In other words, the government will give you back a portion of your donations to encourage you to give more. ¬†Depending on your situation these tax saving can be significant. So don’t give the government all your money when they encourage you to give it to the Lord’s work instead.

Contact us to discuss how you can maximize your giving to the Lord and minimize the taxes you pay to the CRA.

Disclaimer: This article provides information only and is not intended to confer legal or financial advice or opinion. If you have any further questions please consult a lawyer or accountant. Please note as well that many of the statements herein are general principles which may vary on a case by case basis.

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