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The Impact of AMT on Philanthropy: From Cash Donations to Marketable Securities & More

May 2023: The Impact of AMT on Philanthropy

From Cash Donations to Marketable Securities & More

Unless withdrawn or materially altered the proposed changes will have massive negative impact on the public markets with even greater effect on flow-through financings upon which the resource sector relies. The federal government has effectively increased the capital gains inclusion rate. The charitable sector is equally hurt since the expanded AMT rules capture both cash and marketable securities dis-incenting gifting. While the presenters will have particular focus on the philanthropic sector the seminar is equally important to anyone whose financial security is dependent upon investing in or accessing the public markets

Panelists include: Robert (Bobby) Kleinman, FCPA, FCA , Alexandra (Ali) Spinner, FCPA, FCA, TEP & Hugh Woolley CPA-CA, TEP. This discussion will be moderated by PearTree Canada Founder & CEO, Ron Bernbaum LL.B.


Alexandra (Ali) Spinner, FCPA, FCA, TEP.  A Partner in Crowe Soberman’s Tax Group, a member of the firm’s Management Committee, and leader of the High-Net-Worth tax practice. Her practice focuses on helping wealthy families and high-performance professionals structure their affairs in a tax-efficient manner. Ali’s broad technical expertise includes domestic, cross-border, and international tax matters for individuals, trusts, estates, and corporations. . Her transaction advisory experience includes tax due diligence and business purchase and sale structuring. She has testified in Ontario court and has been recognized by the court as an expert in taxation matters. Ali has more than 20 years of experience in public accounting and tax and estate planning. In 2022, she was elected as a Fellow of the Chartered Professional Accountants of Ontario. The distinction of Fellow formally recognizes her exceptional service to the professional and to the broader community

Hugh Woolley, CPA-CA, TEP. Hugh became a Chartered Accountant in 1988, working at the CRA’s Ruling Directorate in Ottawa from 1990 to 1992 when he wrote “butterfly” advance income tax rulings. Hugh has authored ten papers for the Canadian Tax Foundation’s British Columbia Tax Conference as well as papers for the Canadian Tax Foundation’s National Tax Conference and STEP Canada’s National Conference. Hugh has taught income tax for CPABC (and its predecessor organizations) for 30 years. Hugh’s practice focuses of providing income tax services to other accounting firms and law firms. Hugh specializes in the reorganization of private Canadian companies including the inter-generational transfer of businesses. Also, Hugh has extensive experience in the purchase and sale of Canadian businesses in every sector of the economy but especially the real estate industry. Hugh also assists taxpayers in resolving disputes with the Canada Revenue Agency.

Robert (Bobby) Kleinman FCPA, FCA. Bobby started in philanthropy in August of 1994 by becoming the Executive Director of the Jewish Community Foundation of Montreal (JCF) which is seen to be Canada’s most donor-centred foundation. Previously a Partner in Taxation at Ernst and Young, he is now a Planned Giving Consultant specializing in tax-assisted giving. Bobby has helped many Canadian charities design their planned giving programmes, and has written numerous articles on the subject. He is also Past-President of the Conseil de la Philanthropie du Quebec, the Table Ronde du Quebec of the CAGP, JIAS Canada, JIAS Montreal, and the Mount Royal Tennis Club.

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This report / article has been prepared for general information purposes only. Any opinions herein reflect the views of the Analyst and/or Author as at the date appearing above, and does not constitute a recommendation or individual investment advice, nor should it be considered a solicitation for the purchase or an offer of securities. Information contained in this report is derived from sources believed to be reliable, but its accuracy cannot be guaranteed.

The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country including the United States, where such distribution or use would be contrary to law or regulation or which would subject PearTree to any registration requirement within such jurisdiction or country.