Charitable Giving - Donated Securities - CA

In this video, we’re going to walk through how to model donated securities for charitable giving in the Voyant Canadian software.

I’m starting in the Base Plan, where one of the key concerns for this client is their future estate tax bill. To help address that, I’ve already created a What If plan that demonstrates the impact of charitable giving through donated securities.

To begin, I’ll go to the Dashboard, click the plus button in the bottom-right corner, select Goals, and choose the Gifting Goal option.

For the Recipient Type, I’ll select Charity. I’ll give the goal a name, enter the gift amount, and turn on the toggle indicating this is an in-kind donation. If needed, you can also adjust the inflation rate at the bottom of the screen.

Next, I’ll head over to the Timing tab to tell the software when this gifting should begin. I’ve already added an event on the timeline for charitable giving. If you don’t have an event yet, you can simply double-click in the gray area of the timeline to create one.
In this example, I’ll have the charitable giving start at age 75 and run through the end of the plan.

Now comes an important step: helping the software understand how this giving will be funded. Under Payment Sources, I’ll select the client’s Joint Non-Registered account. I’ll also toggle on Only Use Preferred Payment Sources to ensure these donations draw exclusively from that account.

After clicking Done, you’ll see an increase in expenses beginning at age 75. That bump will appear in the Total Need line.
If we switch to Year View, starting at that age, you’ll see distributions coming from the non-registered account.
Under Expenses, you’ll find the charitable gifting entry, and you can click it to review its source.

To view the tax benefits, navigate to the Taxes tab and open the Taxable Income section. Here you’ll see the Federal Charitable Donation Tax Credit as well as the Provincial Tax Credit applied in the years where gifting occurs.

There are a couple of easy ways to demonstrate the efficiency of this strategy:

1. Compare Plans
   Go to the Let’s See screen and open Compare Plans. Place the charitable giving plan side-by-side with the base plan and look at the Taxes charts. You’ll see a clear reduction in taxes beginning at age 75.
   Hovering over the final year in the chart, for example, you can compare the cumulative tax paid: in this scenario, the charitable giving plan ends at approximately $2.5 million, versus about $4.1 million in the plan without charitable giving.

2. Legacy Comparison
   On the Overview screen, go to Legacy, then switch to the Compare Plans view. This allows you to easily show the difference in estate tax outcomes between the two scenarios.

I hope this walkthrough is helpful. If you have any questions or would like assistance setting this up in one of your client plans, you can always click your client’s name in the top-right corner, select Request Support, type your question into the text box, and share client access with our team.

Thanks for watching!