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Lets Build a Tax Refund By Giving

Lets Build a Tax Refund By Giving

Peak Disclosure - Click Here Please

We make a living by what we get, but make a life by what we give.

-Winston Churchill

 

I came across this quote while reading my Habitat for Humanity newsletter yesterday.

 

Great organization, I have many fond memories of the people there, the history that I have shared with many, I remember Valerie Kines, Second Cup, Rotary times with her , climbing with David & Becky raising funds with them ( 15,000 + for our Everest Base Camp adventure which ended by earthquake)  with Dreams Mountain Foundations Alumni, at the events we held , Kim Rice and her husband promoting the local events for us, Gerry and his wife, and all the little trips and finds at the store,  good stuff to warm my heart.   https://dreammountains.com/dreamteam/

Since 2009, the Dream Mountains Foundation and its climbers have raised:  $1,287,723


SOS Children’s Villages: $204,680
Ride For Dad: $144,891
ONFE / Ottawa School Breakfast Program: $189,423
CARE Canada: $146,107
Dreams Take Flight: $182,494
Habitat For Humanity: $186,507
Ottawa Senators Foundation: $113,732
   
WaterCan Foundation: $31,967
Canadian Aid for Chernobyl: $50,392
Colon Cancer Canada: $37,530

 

So doing a little gleaning from the email, here are some highlights

HABITAT TIDBIT
 

Former President Jimmy Carter, who has volunteered with Habitat for Humanity for 35 years, will be turning 95 on October 1st.
The former President and his wife Rosalynn Carter are continuing this commitment to Habitat by joining future homeowners and volunteers this fall to build 21 new homes in the Park Preserve neighborhood of Nashville. This is an amazing feat not only for someone of the former presidents age, but also for the fact that he had to undergo hip surgery this past spring after falling in his home.  The Carter's not only support Habitat at home but also abroad. In 2017 they came to Canada to help build homes for the Jimmy & Rosalynn work project.

getting closer to starting our build in Cardinal. In the next few weeks we should be posting on our website at www.habitat1000islands.org the details of when our ground breaking ceremony will take place!

World Habitat Day is on October 7 -   this is a United Nations awareness day designed to bring attention to the state of our towns and cities, and the right to adequate shelter for all. It's election time, so it's a perfect opportunity for us  to ask our candidates how they will help make safe and affordable housing a priority.

Waste Reduction Week in Canada is recognized from October 21 to 27.  Why not do your part by donating to our ReStores your gently used household, or renovation items that are still in great shape? You'll not only help support Habitat, but also save re-usable items from the landfill. Visit our website for a list of items we accept. We even take your old appliances, working or not!

 

TAX TIP !!!!!   when you donate something of some value it often can be appraised and a charitable tax receipt will be given, it's a great tax break, doesn't take alot of time to do and I love adding those onto a tax return. ~ Tim

 

Example, let's say my friend Mark decides to donate his prized load of tiles that he over bought when building his rental ( and he didn't keep his receipt, if you knew Mark you would understand) and they are worth say $1000 if he could sell them full retail ( they are in good shape)  and if HFH decides that they can sell them for say 50% less, so $500, he would get a tax receipt for the now Fair Market Value of $500 and on his taxes he would get an extra refund of $232 with that one decision. That would almost pay many peoples tax bill from me for a couple years, basically taxes are done for free with a little thinking and generosity. Now if one of us could do this everyday for a year 232*365 = 84,680 in tax savings in our little group, one a day and the charity now has $182,500 in potential sales (to build a house for a young family) ,  $365,000 in goods at retail value, and if it was all tiles, now we are just getting crazy.  Neat Impact , think about that and do it   .... another example would be to donate your old car, get a $500 receipt, same principal, donate a beautiful kitchen table and chairs, you don't need it any more, or you inheritated from your aunts estate, or the kid doesn't need the whatever anymore as they are heading west and no room in the plane and you paid good money for it, bring it in.  

3630938899?profile=RESIZE_710x 

Timothy Ross, Family Advisor, CEO & Founder, Brock Shores Financial

Mutual Funds offered through PEAK Investment Services Inc.

 

Brock Shores Financial / Timothy Ross & Associates, Family Office Providing Omega Stewardship

4502 Airport Road – Tincap, GTA Professional Center, Elizabethtown, Ontario K6T 1A2

613-345-0016 Office   613-213-4625 Cell/Text    613-345-5231 Fax advisor@timothyross.com 

Executive Assistant: Heather Kiley assistant@timothyross.com

Office Manager: Megan Ross megan@timothyross.com

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Have a Blessed Day!   "People influence People”

 3630941213?profile=RESIZE_710xKevin Preston took this picture of me the day we climbed Mount Washington, we decided to go climbing after we returned from Everest Base Camp adventure in April/May 2015, the earthquate in Nepal had prevented us from climbing and we wanted to get in some peaks, it was a great climb, miss you my friend, I was so looking forwrad to hearing your stories about the adventures you had undertaken since I seen you last. ~ Tim  " Got to love a little adventure on the top of a boulder overlooking the big ravine, my legs were starting to get shaky, a life adrenaline rush for sure"

 
 

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