Profit with Purpose

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Profit with Purpose
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Our Objectives

• Create financial security for Canadians through
  tax savings and business ownership.
• To help break the cycle of poverty and the crisis
  in healthcare around the world, by providing
  Charities with the funds they need to meet their
  mandates in the areas of education and
  healthcare.

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Taxation Suffocates Financial Prosperity

• On average, Canadian workers pay over 50 of
  their income in different kinds of taxes
• Income tax is the largest single cash
  outlayeroding disposable income and the wealth
  of most families
• Tax Saving Strategies are not limited to the
  wealthy as there are dozens of legal ways to
  defer or reduce income taxes and all of which are
  available to the average Canadian

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HealthcareA State of Crisis

• Consider these facts
• There are over 40 million people worldwide who
  are infected with HIV
• The ratio of women to men who are infected is 2
  to 1
• 53 percent of all deaths in young children are
  attributed to under-nutrition
• Millions of children die or go blind each year
  due to vitamin deficiencies
• Vitamin supplements may be one of the few
  potential treatments that are inexpensive enough
  to be made available to HIV-infected persons in
  Developing countries
• Better education and preventative healthcare are
  two areas which will impact the lives of
  thousands of people in Developing Countries

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Charitable Giving Can Help Solve the Crisis in
Healthcare and Education

• Charities play a vital role both in society and
  around the world
• Generous tax incentives have been created by our
  government to encourage GIFT by individuals and
  corporations to Registered Charities
• A gift is a voluntary transfer of cash or gifts
  in kind to a Registered Charity for which the
  donor receives no benefit in return

What is a GIFT?
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Tax Benefits of Charitable Giving
Donation of Cash

• Tax receipt equals Amount of cash donated
• Tax receipt equals the Fair Market Value of the
  donation

Donation of Gifts in Kind
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How does a Charitable donation work?

• You may donate up to 75 of your Net Income (as
  defined by Canada Revenue Agency and The Income
  Tax Act) in any one calendar year.
• Donations in excess of an annual donation limit
  may be carried forward and claimed in any of the
  next 5 years.
• The first 200 of a donation receives a tax
  credit calculated at the lowest marginal tax rate
  (marginal tax rates vary depending on your
  province of residence).
• Donations in excess of 200 receive a tax credit
  calculated at the highest combined marginal tax
  rate (46.4 in Ontario, when Ontario surtaxes are
  fully paid).

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The Charity
Destiny Health Wellness Foundation (Destiny)

• A Private Foundation whose goal is to enrich our
  lives as philanthropists and those in our
  communities.
• They work very closely with, and provide support
  to, other Registered Charities which are
  committed to breaking the cycle of poverty and
  the crisis in healthcare in Developing Countries.
• The trustees of Liberty carefully examine
  applications for assistance with a view to ensure
  donations go directly to those in need of
  educational tools, such as computers and computer
  learning tools.
• They will also support Charities that are
  committed to helping with the global crisis with
  HIV and Malnutrition.

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• A Cash/Leverage Donation Program
• The Destiny Gifting Initiatives

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How Does the Destiny Program Work

• Destiny Gifting Initiatives in conjunction with
  Destiny Health Wellness Foundation (a Private
  Foundation), and Paragon Financial Group (a
  Lender) is offering Canadian taxpayers an
  opportunity to participate in a cash gift
  program.
• A cash gift program is a method by which a donor
  combines their funds with borrowed money to
  increase their total donation.

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Features and Benefits

• The Security Deposit of the donation is invested
  by the lender to grow in value over the years to
  pay out the Promissory Note. Annual Security
  Deposit return is provided to the borrower.
• Cash-on-cash returns in Ontario of at least 86
  on personal donation.
• No Alternative Minimum Tax consequence.
• Structured third party loan to create larger
  donation to Charity.
• Charitable Donations bene?t taxpayers in a very
  favorable way at the highest marginal tax rate in
  each province, regardless of your income level.

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The Lender

• Paragon Financial Group (Paragon) is an
  independent third party lender. Paragon lends
  funds to donors in the Destiny Program to further
  philanthropic goals, as well as to achieve
  business income. The companys sole purpose is to
  lend money to donors and to manage the donors
  cash donation.
• Terms of the loan are
• Term 10 years
• Rate 3 or CRAs prescribed rate at time of the
  donation
• (if higher)
• Amount 100 of donation amount
• Full recourse to the borrower.

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How the Security Deposit is Invested?

• The Lender, through their investment advisors,
  invests in a variety of financial instruments.
• The investment philosophy is based on sound money
  management principles whereby preservation of
  capital and maximizing the rate of return are the
  main goals.

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STRUCTURE OF THE PROGRAM(Based on 10,000
donation)
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The Numbers The Income Tax Act allows every
Canadian to donate to a Canadian charity by
donating CASH and/or GIFT IN KIND.
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The Numbers The Income Tax Act allows every
Canadian to donate to a Canadian charity by
donating CASH and/or GIFT IN KIND.
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The Numbers The Income Tax Act allows every
Canadian to donate to a Canadian charity by
donating CASH and/or GIFT IN KIND.
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The Numbers The Income Tax Act allows every
Canadian to donate to a Canadian charity by
donating CASH and/or GIFT IN KIND.
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Tax Shelter Identification Numbers

• The Tax Shelter identification number issued by
  CRA is
• Federal TS 070144
• Quebec QAF 05 - 01105
• The identification number issued for this tax
  shelter shall be included in any tax return filed
  by donor. Issuance of the identification number
  is for administrative purposes only and does not
  in any way confirm the entitlement of a donor to
  claim any tax benefits associated with the
  program.

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Legal and Tax Opinion

• Gardiner Roberts, LLP has provided Destiny
  Gifting Initiatives and Liberty Wellness
  Initiatives Foundation with their favorable
  opinion and interpretation of the Income Tax Act
  and how it relates to this Donation Program.

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We Can Make A Difference
With our commitment and your help, we have an
opportunity to change lives around the world.