Many of us can look forward to retirement knowing that funds have been safely tucked away to cover our needs. Unfortunately, our vulnerable neighbours do not have this peace of mind.
You can provide a true gift of comfort by donating the remaining funds in your Registered Retirement Saving Plan (RRSP) or Registered Retirement Income Fund (RRIF) to The Victorian Order of Nurses for Canada. Of course, you’ll want to ensure that your future needs and those of your loved ones are met first.
There are two ways you can make a gift of an RRSP or RRIF:
- Name The Victorian Order of Nurses for Canada as the designated beneficiary. You do so by registering this change with the trustee of your plan.
- Leave the proceeds of your RRSP or RRIF to Victorian Order of Nurses for Canada in your will.
In both cases, VON Canada will issue a charitable receipt to your estate. By naming VON Canada as a beneficiary, you’ll also avoid probate tax and ensure funds go to much-needed services as quickly as possible.
If you choose to withdraw money from your retirement fund during your lifetime to make a donation to VON, we recommend that you carefully review the tax implications with your financial advisor.
Contact a member of VON Canada’s team today to learn more: Toll-Free: 1-888-866-2273 ext. 3489, Email: fd@W88 www.renaissancelv.com.
We encourage you to seek independent advice when executing gifts of securities, property, life insurance, charitable gift annuities, wills, trusts, contracts and other legal agreements.