RRSP & RRIF
Registered Retirement Savings Plans and Registered Retirement Income Funds
Gifts made through registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) are a popular way to offset taxes owing on funds at the time of death.
When you name The Princess Margaret Hospital Foundation directly as beneficiary, your estate will save probate fees. Your gift is treated as a charitable donation in the year of death and is eligible for a tax credit on your final tax return, and/or the one immediately preceding the final return. The tax credit may completely offset the taxes payable on the proceeds.
For more information, contact us or call 416-946-2295.