Planned Giving

DIFFERENT FORMS OF PLANNED GIVING:

1 – BEQUEST

Once your family’s and loved ones’ well-being is secured, you can choose to make a meaningful gift and bequeath a portion of your assets to Soleil des orphelins. In case of major life changes, you can always modify your will according to your situation.

A bequest remains one of the simplest and most accessible ways to plan a gift. Many options are available to you:

All these methods entitle you to an official receipt that can be used on the donor’s income tax return following their passing. The tax advantages from a testamentary gift can significantly reduce estate taxes.

2- RRSP and RRIF GIFTS

Funds from RRSPs and RRIFs do not require legal documents or complex trust agreements. In February 2000, the Canadian government introduced a simple and effective way for individuals to donate income from their Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) to SDO.

Making this gift is easy: you simply change the beneficiary information on your plan and notify the institution holding your retirement account.

Since retirement funds are heavily taxed in Canada, when you designate a charity as the direct beneficiary of these plans, the taxation is offset by the tax receipt issued by the charity for the total amount transferred.

This type of deferred gift is one of the most advantageous because when retirement plan assets are directly designated, they do not enter the estate and are not subject to probate fees. Additionally, your estate benefits from a tax credit.

Directly donating RRSP or RRIF funds is an effective way to avoid tax obligations and preserve the value of your funds to contribute to SDO.

3 – DONATION OF REAL ESTATE AND SECURITIES

– REAL ESTATE DONATION

You can donate a family residence to a charity while continuing to use it for the rest of your life. You will receive a tax receipt corresponding to the appraised value of your property at the time of donation. Upon your passing, the charity gains full use of the residence. If other real estate assets are donated, 50% of the capital gain is taxable.

– SECURITIES DONATION: Strategic and Smart Giving

Donation of Securities (LISTED SHARES AND OTHER ELIGIBLE SECURITIES)

Donating listed stocks, bonds, mutual fund shares, and similar securities is one of the most tax-efficient ways to make a significant gift to a charity. Donations of shares or other securities qualify for a tax credit. It is more advantageous to transfer securities directly rather than donating the proceeds from their sale. This form of donation suits those who wish to give significantly without using cash, or who own stocks or other securities that have appreciated substantially since acquisition.