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Thursday, November 24, 2011
We're Launching JJ Bear Sales at RONA to Fund Scholarships for Kids in Foster Care

 

More
Wednesday, September 14, 2011
Blue Jays World Series Hero Joe Carter to Receive National Recognition at 12th Annual Children's Aid Foundation Event
120 young people also recognized for their scholastic success, sharing more than $470,000 in scholarships. More
Friday, July 08, 2011
Ignite the Spark
The Children's Aid Foundation launched the Ignite the Spark Fund to provide enrichment opportunities for children and youth across Canada. More
Thursday, June 09, 2011
Johnny Reid presented the Humanitarian Award by the Canadian Country Music Association!
On March 23rd, 2011, Johnny Reid presented the Foundation with a cheque for $111,000 raised through his Canadian tour "A Place Called Love". More
Friday, June 03, 2011
Scotiabank Marathon
ScotiaBank Marathon
October 16, 2011 More
Home > How You Can Help > Other Ways to Give > Leave a Legacy > RRSPs and RRIFs

RRSPs and RRIFs

Donations made through RRSP’s and RRIF’s provide you with unique giving options.  Donations of this nature are effective methods for making a gift and reward both you and the children we serve. 

Since 2000, the federal budget provides that for deaths occurring after 1998, naming a charity as a direct beneficiary in the policy itself will now make the donor's estate eligible to receive a tax receipt.

Retirement funds represent a major personal asset for most donors. Billions of dollars are currently invested in retirement plans as workers approach retirement. Donors enrolled in an RRSP, or who have already converted their RRSP to RRIFs, can make a charitable gift of all or a portion of any retirement funds remaining at death.

While many individuals invest for the purpose of saving for their retirement, the opportunity to defer tax is also an important reason for many others to contribute to an RRSP/RRIF. By gifting RRSP/RRIF proceeds, donors can benefit from additional tax savings gained as a result of the donation.

Before you make a donation, we strongly encourage you to seek independent, qualified advice from your accountant, estate planner, lawyer etc., on the appropriateness of doing so.



Gift of RRSPs

Gifts of RRSPs can help you fulfill your charitable giving objectives without affecting your current financial situation.

By naming the Children’s Aid Foundation as the beneficiary of your fund the tax credit your estate receives as a result of the donation would offset the tax on the proceeds.

To arrange this gift please name the Children’s Aid Foundation as your RRSP beneficiary. Please notify us by completing the Charitable Bequest Confirmation Form below.


Gift of RRIFs

Individuals who own RRSPs must, at the age of 70, convert the accumulated funds to a RRIFs. Upon death, the amount remaining in the RRIF will be distributed to a surviving spouse or named beneficiaries in the event there is no spouse.

The Children’s Aid Foundation can be named as a beneficiary of a RRIF for either the entire amount or a portion of the account. Your estate will receive a tax credit for the value of your gift.

At the time that an RRSP is being converted to a RRIF, you may want to consider withdrawing a portion and contributing it to the Children’s Aid Foundation. While this may reduce your retirement income, you would recover some of this through the tax credit you will receive for your gift. This gift option allows you to see the benefits of your gift during your lifetime.

To arrange this gift please name the Children’s Aid Foundation as your RRIF beneficiary. Please notify us by completing the Charitable Bequest Confirmation Form below.

Questions? Please contact Michele Clemo at mclemo@cafdn.org or 416-923-0924 x232.

 
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Charitable Bequest Confirmation Form.doc (27 KB)




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