Gifts of publicly listed securities are one of the easiest and most beneficial ways to donate. In addition to benefitting from a tax credit and paying no taxes on capital gains, they can significantly increase the amount of your donation without costing you more. To make this type of donation, notify your broker, who will transfer your securities to the Club’s account. Does this kind of donation interest you?
Planned giving
Leave a legacy and ensure their future
Gifts of life insurance
An Attractive AlternativeA gift of life insurance is separate from your estate. It is a worthwhile alternative to a cash gift and a strategic way of making a substantial donation at a relatively low cost to you. You can proceed in one of three ways, all of which can help you meet your tax planning goals.
Gifts of RRSPS or RRIFS
An Effective, Tax-Smart SolutionWhen you name Breakfast Club of Canada a beneficiary of your RRSP or RRIF, you retain ownership of your assets and can modify your arrangements at any time. Given how heavily taxed RRSPs and RRIFs can be for your heirs, it may be fiscally beneficial, depending on your financial circumstances, to donate all or part of your retirement savings to charity.
*Note that, in Quebec, to name a charitable organization as the beneficiary of an RRSP or an RRIF, you have to do so through a testamentary disposition or a life insurance product.
If you want to talk to someone about the impact of a planned gift,
The content provided on this page is for informational purposes only and is not meant to serve as legal or professional advice. Before taking any actions based on this information, it is crucial that you consult with your own legal or financial advisors. This will ensure that any steps you take are well-informed and tailored to your specific financial and estate planning needs.