Planned Giving for Canadians
Giving to those who need education and helping to bring hope through Christ-centered teaching: these allow us the joy of seeing many young lives transformed by the life-giving message Christ followers bring into society. As we give generously of ourselves and witness what God does with our gifts, we discover the reward of being part of something bigger than ourselves.
Planned giving balances your current and future needs with the opportunity to partner with TeachBeyond. In addition, planned giving allows you to protect your assets from excessive taxes and provides more for you and your loved ones.
Your Will is an excellent gift instrument and can be used to leave a legacy to your favorite charities. A Will is the cornerstone to any estate planning. It is the last communication you will have with your family and another opportunity to reaffirm your priorities and values to them. By using the services of Link Charity, with one letter of direction outlined by you, this become a “one-stop shop” allowing you to give to a multiple of charities with one gift and one receipt.
There are considerable tax benefits available if you give stocks, mutual funds, and bonds directly to charity. You will receive a tax receipt for the market value of your donated assets and will avoid paying capital gains taxes-a double benefit.
Registered Retirement Funds
The tax advantages of a RRSP generate significant benefits during a person’s lifetime, but eventually the taxes have to be paid. These taxes can be so high that up to half the amount can be lost as the funds are passed on to family at the end of one’s life. Designating a charity as the beneficiary can be an efficient way to help with tax planning, allowing the charitable receipt to cancel out the tax to be paid and offering you an opportunity to give to a charity.
Life insurance is an excellent estate planning tool and can be used to create a significant gift to TeachBeyond. It can also be used, along with the RRSP charitable giving, to balance out estate planning, allowing you plan for a tax-efficient legacy to your family.
Charitable Gift Annuities
A charitable gift annuity is an agreement under which you donate a capital sum to a registered charity and in return, the charity guarantees you regular payments at an attractive rate for the rest of your life. An immediate tax receipt for a portion of the gift and a portion of tax-free income based on age are attractive benefits as well. Here is the link to Link Charities present annuity rate chart: Annuity rate chart
The Annuity requires no management:
- All or a large part of your Gift Annuity is exempt from income tax.
- There is an immediate, one-time charitable receipt available for at Least 20% of the capital amount.
- At the end of your life, when you no longer require payments, the remainder of the Gift Annuity capital becomes an immediate, direct gift for your favorite charities.
Each of these planned giving options needs careful attention and prayerful consideration. By taking advantage of the attractive financial services offered by Link Charity Canada, you can further the work of TeachBeyond while being a good steward of the financial resources God has given you.
For more information about gift annuities and other services offered by Link Charity Canada, contact: