Type of gifts

Cash and Outright Gifts

An outright gift of cash and/or property to a registered charity entitles the donor to a charitable tax receipt.

Endowment

The original capital of the gift is preserved in perpetuity while the income of the capital is used for the selected registered charity or charities of your choice. The Endowment Fund can consist of cash, securities, paid-up life insurance policies as well as personal and real property. Contributions to an Endowment Fund can have significant income tax advantages.

Life Insurance

This option often makes the gift affordable. It will not diminish your estate after death. Proceeds are paid promptly to the registered charity and not reduced by taxes and probate fees. When planned properly, the premiums are tax deductible. The cash surrender value of existing policies can also be given to your favourite registered charity.

Bequests

A bequest in a Will to a registered charity of your choice is a Planned Gift. Bequests will have a significant favourable impact on you final tax return.

Charitable Gift Annuity

A Charitable Gift Annuity is an arrangement whereby a donor gives a certain sum to a registered charity in return for fixed, guaranteed payments for the life of the donor (and/or another person), or for a term of years. Payment may be fully or partially tax-free and the gift may also generate a charitable tax receipt.

Gifts of Listed Securities

Gifts of public securities listed on approved stock exchanges can be donated to a registered charity of your choice. The donor benefits in two ways:

• The donor receives a tax receipt for the full amount of the value of the security when transferred to the charity
• The amount of capital gain subject to tax is reduced by half.

Gifts of Retirement Plans

Recent Federal tax act changes allow gifts of RRSPs, RRIFs etc. to be made to a a registered charity upon death. Assuming the entire contribution can be used, the tax credit would completely offset the tax payable the proceeds.

Gifts of Real Estate

Gifts of Real Estate may be made in various ways. Significant tax advantages may be available to donors.