Planned Giving

Planned or legacy giving

Planned Giving

Planned giving or legacy giving is a major gift made during lifetime or at death as a part of the donor’s estate.  By choosing planned giving, you can leave a legacy that suits your personal, financial and tax situation and leave a gift to a charity of your choice that can have a lasting impact for years to come.

In Canada, the most common types of planned giving options include:


Bequest through your will – This allows the donor to name the charity in their will to reduce the taxes that would be payable from the estate.

While it’s a good option, it can be held up if the will becomes contested by designated beneficiaries.  It’s in your best interest to ensure your beneficiaries and bequests are current.


Annuities – This type of gift is where the donor transfers capital to the charity in exchange for immediate guaranteed payments for life at a fixed term.  Once the donor passes, the annuities is forfeit to the charity.


Gifting assets while you’re alive – This is a great way to mitigate problems that can arise when gifting through your estate.


Designation Donations – This can come in the form of a donation of a direct distribution of proceeds from a registered account or life insurance policy.

There are several benefits the donor can realize by including it their life insurance policy, but in terms of ease, you bypass the estate battles with funds being paid direct to the charitable organization.  These funds cannot be contested, and are paid in a timely fashion.

Registered accounts can be RRSP’s, RRIF’s and tax free savings accounts. 


Charitable Remainder Trusts – This is a tax-exempt irrevocable trust designed to reduce the taxable income of individuals by first dispersing income to the beneficiaries of the trust for a specified period of time and then donating the remainder of the trust to the designated charity.

If leaving a legacy through a registered charity is important to you, there is more than one way to approach planned giving.  Whether donations are made while you are living, or planned for after your death, our Case Management team can guide you through the process, to help determine what will work best for you


Ask us about our AGE Program Insurance and planned giving option.



Email us: info@advisorly.ca | Call us: 604-510-5155


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