Planned giving, often called gift planning is a
thoughtful and tax effective approach to giving. It
can be as straightforward as simply making provision
for the future for a cause or charity that you love
through a bequest gift in your will. Some planned
gifts provide a life-long income to you as the
donor, others use estate and tax planning techniques
to provide for your charity and other heirs in ways
that maximize the gift and/or minimize its impact on
your estate.
Planned giving is a powerful and effective way to
support the charity or cause that you love and it
can enable you to make a gift from your assets or
property that will be much greater than a gift from
income.
Bequests
- the most common type of planned gift made in a
will.
RRSPs or RRIFs
- Making a gift of your retirement plan
accumulations – RRSPs (registered retirement savings
plans) or RRIFs (registered retirement income funds)
– can help to offset the taxes on your estate and
protect its value for your heirs.