When considering their wills, most people think of their families first, and rightly so. Few contemplate including charitable gifts, because they feel doing so would be to carve into the inheritance destined to their loved ones. What they don’t know is that they can do both. In fact, you can plan a gift, which will have little to no impact on the estate that is passed on, since the tax credit on the donation can be transferred to your succession. Every case is different, and professional advice is necessary to guide you through the intricacies of our tax system. But in all cases, the positive impact on your community will be undeniable.

By planning a gift towards a cause close to your heart – it only takes a simple clause in your will – you can reinvest part of your estate in your community and contribute to its development and to the well-being of future generations, and without impacting your current financial situation. Whether you choose to support a cultural institution you love, the hospital that cared for your parents, the school that taught your kids or a group that is fighting to protect natural wonders you care about, you can bolster the causes that matter the most to you long after your departure.

There are several ways to make a planned gift:

  • Bequest: in the form of a fixed amount, movable or immovable property, a share of your succession or a residuary bequest;
  • Securities: this type of gift entails significant tax advantages;
  • Life insurance: an excellent way to make a substantial gift;
  • Other vehicles: trust, RRSP, RRIF, movable and immovable property, artwork, etc.


Get in touch with us

To learn more about planned giving and access testimonials, advice and tools to expand your reflection, you can also visit willpower.ca, a national platform dedicated to demystifying planned giving among Canadians.