Donating RRSPs & RRIFs
Donating your RRSPs or RRIFs is a simple way of making a meaningful donation while enjoying significant tax benefits.
How it works
There are several ways to give a gift of life insurance:
- 1 Simply include Canadian Feed The Children in the beneficiary information of the plan document and then advise the institution holding your retirement account of the change.
- 2By nominating multiple beneficiaries you can still ensure loved ones are cared for while providing a donation to CFTC.
- 3A tax receipt for the value of the investment gifted will be issued to your estate and applied toward the final income tax return.
Guide to Donating RRSPs & RRIFs
This guide outlines the benefits and steps involved in donating retirement funds.
Importance of Professional Advice
We strongly recommend you consult your own lawyer or other professional advisor about the applicability to your situation.