RRSPs & RRIFs
Keep the Candle Bright
"...if Amnesty International did not exist, it would have to be invented. It is simply unique."
Jean-Pierre Hocke, former UN High Commissioner for Refugees
We all know that regular contributions to a registered retirement plan can offer tax savings now and a source of income for the future.
But did you know that RRSPs and RRIFs can also provide an excellent way to further your charitable interests?
Naming a charity as the beneficiary of your registered retirement savings plan or retirement income fund is easy to do and can be highly beneficial.
Simply contact the financial institution managing your retirement plan and sign a declaration (known as a “beneficiary form”)
naming Amnesty International Canadian Section (English Speaking) as the beneficiary of the plan. Any surplus funds remaining in the account upon your demise
will go directly to supporting the cause you believe in, and your estate will receive a charitable donation tax receipt for the full amount of the gift.
You can choose to name Amnesty International as the primary beneficiary, or as a secondary beneficiary in the event that your spouse or other primary
recipient should pass on before you. It is not necessary to amend your will in order to take advantage of this option, and designating a charitable beneficiary
does not affect your own use of the retirement funds in any way.
Disclaimer