Tax-Effective Charitable Giving: RRSPs And RRIFs, Public Securities And Life Insurance
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While the most common method of philanthropic giving is a gift
of cash, Canadians should note other options for giving to charity
both during their lifetimes and after death. Structuring donations
through registered retirement savings plans (“RRSPs”) or
registered retirement income fund (“RRIF”), donations of
public company shares, and the use of life insurance policies can
be tax-effective and efficient, while ensuring that as much of your
charitable gift as possible reaches your intended cause.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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