F.A.S.T.'s MISSION
F.A.S.T. Training presents the MissionLife program to thousands of Canadians through information sessions in major centres across the country. When you attend one of our information sessions, you learn how to reduce your tax burden and earn additional income by referring the MissionLife program to your friends, family and associates. Above all, you will learn how you can make a real difference in the lives of those suffering from HIV/AIDS.
A New Approach to Philanthropy
MissionLife Financial Inc. (MissionLife) (www.missionlifefinancial.com) is a private, for profit organization established to provide innovative financing arrangements for those Canadians wishing to make donations to charity.
The philanthropic aim is to assist in the fundraising efforts of charities that fill a clearly identifiable need to help those not currently supported by traditional fundraising means.
Charities designated by MissionLife strive to assist those who are trappped in the cycle of suffering.
- Charity must meet or suprass its dispersement obligations
- Charity will not issue inflated donation receipts
MissionLife serves select charitable organizations by assisting in their fundraising activities. The charity is NOT required to pay MissionLife any fundraising or promotional fees.
Additionally, MissionLife finanaces Canadians' donations to chosen charities; thereby enabling Canadians (at all income levels) to donate more than they ever thought possible.
Through MissionLife, Canadians can take advantage of the tax incentives associated with making donations to charity.
Canadians Understand the Importance of Being Charitable
Almost four out of every five Canadians donated an average of $259 each to non-profit and voluntary organizations. Accordingly, the percentage of donors intending to claim a tax credit for their donation increased with the amount of money donated. Among donors who gave over $200, 76% indicate that they or someone in their household intended to claim a tax credit. Nearly 20% of those state that the income tax credit was the prime motivation for their donation.
Nearly 65% of donors to international organizations intended to claim a tax credit.
The percentage of donors claiming tax credits increased with household income - from a low of 22% with household incomes of less than $20,000 to a high of 67% among donors with household incomes of $100,000 or more.
All told, responsible donations, first and foremost provide much needed support to charity, while also enabling Canadians to take advantage of the applicable tax incentives.
The Canadian Government has Made it Attractive for Canadians to Donate
Many taxpayers are not aware of how the Government of Canada actually encourages Canadians to financially support registered charities. In 1996, the Federal Government increased the total amount of charitable gifts eligible for a tax credit in a particular taxation year from 20% to 75% of the individual’s net income for that year.
Tax credits have a larger impact in lowering final tax obligations than tax deductions. Computed after gross income tax is determined, tax credits allow tax payers to subtract a given amount directly from taxes at the HIGHEST allowable marginal tax rate.
In contrast, a tax deduction is used to reduce taxable income. Therefore, the value of the deduction will be based on the marginal tax rate applied to the individual’s taxable income.
Get involved today
Learn how you can take advantage of tax loop holes and help those in need by attending an information session in your area. We will introduce you to the benefits of the MissionLife program and help you through the steps required to become involved.
To register for an upcoming event where the entire MissionLife program will be presented, simply click here to find the location nearest you.
The sooner you donate, the larger your tax right off, so don't hesitate! Register TODAY!
Additional Information Request?
Please call us in Edmonton at 780-418-3427. You can also email us at info@fightaidssavetaxes.com. Our fax number is 780-459-7581.
|