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There are several options you may want to consider that allow you to make deferred gifts while enjoying tax benefits and preserving economic security for yourself and your loved ones:
Bequests - charitable gifts left in your will - are one of the easiest and most powerful ways to ensure that your commitment to causes you care about will persist as a personal legacy.
Whether a bequest is the first substantial charitable gift you will make, or whether it is part of a long history of giving, making a charitable bequest signals an unfaltering commitment to your values, and to the kind of world you want future generations to inherit.
There are many ways to leave a bequest with Tides Canada. We welcome a call from you or your advisor to discuss turning your vision into reality. For more information on leaving a bequest with Tides Canada, click here or download Bequests at Tides Canada (PDF).
Life Insurance can be used as a charitable asset, enabling you to make a substantial gift in the future even if you do not have a lot of money or assets now. There are a number of ways to designate Tides Canada as a beneficiary of your life insurance policy, each with different tax advantages and gifting advantages.
RRSPs and RRIFs can support your charitable interests while achieving significant tax advantages for your estate. If your RRSPs and/or RRIFs are not exhausted at the time of your death, the proceeds are taxable in your final tax return. Naming Tides Canada as the beneficiary of your RRSP or RRIF can offset up to 100% of taxes owed in that return.
Charitable Remainder Trusts allow you to donate property but maintain the use of it during your lifetime. While a bequest provides tax benefits to your estate, a charitable remainder trust can provide tax benefits immediately. There are a number of ways to set up a charitable remainder trust – please consult closely with your financial advisor or lawyer to craft the best solution.
Contact Us:
Tricia Cummings
Client Services Coordinator,
T: 604.647.6611 ext. 243 or 1-866-843-3722 (866-TIDESCA) |