Expanded opportunities for joyful generosity

As a result of changes made in the 2000 Federal Budget, charitable organizations in Canada can be a named beneficiary on registered retirement plan documents. A tax receipt for the value of the investment gifted will be issued to the donor's estate (this may be all or part of the assets in the plan) and applied towards the final income tax return.

Benefits of making a gift of RRSPs or RRIFs:

RRSPs/RRIFs gifts are a tax-effective means of supporting a ministry organization.
Your estate may claim gifts in the year of death equal to 100 per cent of your net income in that year and the preceding year. RRSPs/RRIFs become fully taxable as income in the year of death, usually at the highest marginal tax rate, unless any remaining funds in a RRSP/RRIF account can be rolled over to a surviving spouse or a dependent child
You have use of the retirement saving investment while you are alive
You can designate your gift to a ministry project that meets your interest, such as world missions, church planting, or leadership development.
RRSPs/RRIFs gifts are revocable and can be changed if your financial circumstances change
Avoid probate. Gifts of RRSPs/RRIFs are less susceptible to being contested than a charitable bequest, and provide privacy

For more about planned giving, go the Canadian Association of Planned Giving.

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