Registered Retirement Savings Funds (RRSPs or RRIFs)
Retirement funds can be the most heavily taxed assets you own. However, when Women’s College Hospital Foundation is designated as a direct beneficiary of a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF), these taxes are offset at the time of death. Your gift will be treated as a charitable donation and Women’s College Hospital Foundation will issue a tax receipt for the full amount being transferred.
The gift is simple to make - name Women’s College Hospital Foundation as a direct beneficiary on the plan document and advise the institution holding your retirement account of the change.
Please note: Gifts from a Retirement Savings Plans and Retirement Income Funds transferred directly to a registered charity during the donor’s lifetime are not eligible for a charitable tax receipt at this time.
For more information on how you can build your legacy, please contact:
Vice President, Chief Advancement Officer