Gifts of RRSP/RRIF
Joshn Noseworthy (NCC), Grassy Place, NL (Photo by NCC)
Registered retirement investments are the most heavily taxed assets and the least effective means of transferring your wealth to the next generation. They can be transferred tax-free to a spouse, but all remaining funds will be fully taxed in your estate.
Benefits of donating RRSP or RRIF
If you name the Nature Conservancy of Canada beneficiary of all or a percentage of the funds, a tax receipt for the value of the gifted investment will be issued to your estate and the tax credit will offset almost all applicable taxes. This charitable gift can help you preserve other assets in the estate for your family and loved ones.
And it’s easy
You can make this gift outside your Will by naming the Nature Conservancy of Canada as a beneficiary directly on the form provided by the financial institution that manages your funds.* It is simple, confidential and you can always change the beneficiary designation at no cost.
*QC residents: legislation may vary. Please consult a financial advisor.
Contact our team for more information by firstname.lastname@example.org or by phone at 1-800-465-0029 ext. 2276.
The information provided on these pages is general in nature and not intended to be a substitute for professional advice. NCC strongly suggests that before making any decision concerning your estate and your charitable donations, you seek advice from your lawyer and financial advisor.