Planned donation takes place in the context of financial and estate planning. It allows you to benefit from certain tax advantages while supporting the work of Multi-Femmes.
For more information on planned giving, please contact the organization’s administrative assistant.
Types of donation
Many people name Multi-Femmes as a legatee in their will, make a gift of a life insurance policy or other type of planned gift. Regardless of your choice, your donation will be appreciated and managed in accordance with your intentions. All requests for planned donations addressed to Multi-Femmes are handled confidentially.
You can bequeath your estate in whole or in part. The choice of bequest will depend on your objectives and the needs of your loved ones. Don’t hesitate to consult financial experts to ensure your donation takes all your interests into account.
For more information, please contact the administrative assistant.
You donate, without restriction, a specific amount or item of property
You donate all or part of the remaining assets of the estate, after all specific bequests and estate-related expenses (debts, taxes, fees) have been paid.
A subsidiary bequest is only effective when the original intention cannot be realized. This occurs when your primary beneficiary, such as your spouse or child, does not survive you. The assets thus revert to Multi-Femmes and not to unspecified beneficiaries.
This trust provides heirs with income for life. Upon the death of the last heir, the capital is transferred to Multi-Femmes.
Multi-Femmes is designated as the beneficiary of any remaining annuity or registered retirement savings plan.
You can assign in whole or in part an existing life insurance policy, thus making Multi-Femmes the owner and beneficiary. You can also designate the organization as owner and beneficiary of a new life insurance policy. This means you can make a substantial donation with a relatively modest outlay.
The donor pays Multi-Femmes a guaranteed annuity for life (annual, semi-annual or quarterly) purchased from a financial institution in return for a cash donation. Depending on the donor’s age, the annuity is not taxable.
Your donation and tax
All amounts make a difference. Whether it’s a spontaneous gift for children’s education, to provide local services that touch you, or to plan a gift upon death, the tax advantage is significant.
You can estimate the amount of tax credit you are entitled to if you claim a credit for your eligible donations on an income tax and benefit return, by visiting the Government of Canada’s Charitable Donation Tax Credit Calculator.
To learn more about the rules governing tax receipts, visit the CRA website. For more information, visit the Government of Canada website.