The most common and simple form of planned giving is a bequest. You can make a gift of cash or property by including the Society as a beneficiary in your will. Choose the type of bequest that best suits your circumstances and wishes. You retain full control of your assets during your lifetime and your standard of living is not affected.
Your estate will receive significant tax credits that can be passed on to your heirs. Upon receiving the bequest, the Lifesaving Society issues a donation receipt to your estate for the full amount of the bequest.
If you do not have a Will
If you do not have a Will at the moment, you may need to see a solicitor. Although you will have to pay a fee, you will receive sound professional advice and can be sure that your wishes are achieved.
Request a free Will Planner and Guide to assist you with your estate planning.
If you have a Will
If you have already made a Will, but would like to leave a gift to "The Royal Life Saving Society Canada, Ontario Branch," you can do so by making a simple addition to your existing Will. This is called a codicil. By adding this supplement to your will you can include new instructions and delete old ones without having to go through the task of revoking the whole Will.
What you need to know
Taxes in Canada
Bequests are tax creditable and are not subject to estate taxes or succession duties except in the province of Quebec. Revenue Canada regards such gifts by will as having been made in the taxation year of the person's passing. The taxable income of your estate can therefore be reduced by the amount of your bequest to the extent of the maximum allowable deduction for the current year.
For more information, please email
or call 416-490-8844 or fax 416-490-8766.
Our mailing address is:
400 Consumers Road
Toronto, Ontario M2J 1P8