If you are a business owner you can potentially benefit from additional tax efficiency strategies. To encourage charitable giving, the government provides a corporation with a tax deduction when the corporation makes a donation to a registered charity. The deduction reduces the corporation’s taxable income which will reduce the corporation’s taxes. In addition, if a private corporation makes a donation of publicly traded securities, there may be an additional tax incentive. This article provides an overview of how your private corporation can qualify for the donation tax deduction and the tax benefits of donating publicly traded securities in-kind.
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