A lasting statement of your kindness.
A better tomorrow
Your generosity lives on when you leave a legacy gift.
There are many ways to carefully plan for a charitable gift for the future, while making sure your financial goals are met.
There are also many benefits to a planned gift, including tax advantages that will not impact what you leave behind for your family.
Your legacy
Your decisions are personal and made after careful consideration. The information displayed here is not intended as financial or legal advice.
We strongly recommend that you consult your legal advisor, financial planner, and family members prior to making any decisions.
If you are interested in discussing a planned gift, please contact Hyang Cho at hello@gncanada.ca or call 1-833-614-4663(GOOD) - Ext. 700.
How exactly does it work?
- Your donation is made from assets, not current income, and can be tailored to your personal circumstances.
- It won't lower what you leave for your family - you can donate money to a charity that you would otherwise give to Canada Revenue Agency in taxes.
- Legacy giving can offer significant tax advantages - for example, if your net income in the year of your death is lower than the amount you give, your executor can claim a rebate against your previous year’s income and add that to your estate.
- Most of the gifts are easy to arrange - for example, your lawyer can simply include a clause in a new will or a codicil (amendment in your will), naming Good Neighbors Canada as a beneficiary.
- If choosing Life Insurance, other assets are left untouched and you can pay lower premiums if you use a joint policy.
- If choosing gift annuities, you can have a better rate of return than other investments and you can receive immediate tax benefits.