While most Canadians choose to support MS research, education, and programs though gifts in their wills, there are other options available to you. No matter how you include the MS Society of Canada in your estate plans, your donation will bring us all one step closer to a world free of MS.
“I decided to honour the work of the MS Society with a gift in my own will. I feel real satisfaction knowing that my life will be tied to breakthroughs that will be made in the years to come, support for families touched by the disease and most importantly, a world finally free of MS.”
- Kent Kirkpatrick, Legacy donor
Gifts of life insurance are one of our most popular legacy giving options, second only to gifts in a will. Many donors like that their small, annual payments can become an exceptionally generous donation to support MS research, education, and advocacy in the future. Plus, a gift of life instance can provide tax relief for your estate, and isn’t subject to probate and estate fees.
With the help of your financial planner, there are two ways to give a gift of life insurance:
Making a gift through your RRSP, TFSA or RRIF is an easy, flexible way to make a difference in the lives of Canadians living with MS in the years to come.
Quite simply, you can name the MS Society as a direct beneficiary for your RRSP, RRIF or Canada Pension assets and receive tax benefits as a result. There’s no payment to add or change a beneficiary of your registered accounts, and donated funds aren’t subject to probate fees. And of course, your estate will receive a tax receipt to offset taxes owed.
Gifts of securities are the best of both worlds, enabling you to support life-saving MS research and education that also reduces your taxes! Gifts of securities can be made now, or as a part of your estate planning.
When you convert your stocks, bonds, or mutual funds into cash, these investments become taxable. However, by donating your publicly listed security directly to a charitable organization, you can eliminate that tax implication.