Planned Giving allows you to realize your philanthropic dreams while maximizing tax and other financial benefits. Generally, any gift of significant size made with forethought about the benefit to the charity and the financial implications to the donor and the donor's family is a planned gift.

Planned gifts are often equated with deferred gifts such as bequests, life insurance policy beneficiary designations, charitable remainder trusts, gifts of residual interest, and similar arrangements where the commitment is made now but the funds are not available to the charity until later in the future.


However, planned gifts can be outright as well as deferred. A major gift for current needs, consisting of in-kind assets, such as privately-owned or listed securities, real estate, or retirement funds, structured and timed to limit any tax on the capital gain and obtain full benefit of tax credit, is a planned gift.


Why Give?
Every day, people are helped and lives are enriched by the work of registered charities and foundations, and other not-for-profit organizations in our communities. Canadians give for many different reasons: for some it is a way to ensure their memory lives on, for many it's a way to ensure that their favourite charity is able to continue its important work, while for others it represents a way to facilitate the tax implications that come with the transfer of one's estate to surviving relatives.

By making bequests and other "planned gifts," to The West Island Palliative Care Residence you continue to guarantee that the terminally ill will be treated with compassion and dignity.

What better way to thank the people or organizations that have had an impact on your life, than to make a contribution from your estate through a bequest?

Surprisingly, a gift can also be a very practical addition to a financial or estate plan when tax issues are taken into consideration - even for those who think they may not have tax issues. In most cases, the tax burden left to relatives is lifted significantly. Your professional advisor can teach you how giving may actually benefit your family after you're gone.


How to Give
There are a number of options available and each with have different types of tax benefits. The West island Palliative Care Residence encourages you to talk to your professional advisor (i.e. your lawyer, accountant etc.) if you have one, because while everyone needs vary, your professional advisor can help you decide which option(s) will work best for you and your family.

Ways to leave your legacy:

• Bequest
• Cash or Securities
• Life Insurance
• RRSPS or RRIFs
• Annuities
• Charitable remainder of trusts
• Residual interest
• A gift in memory or in honour of a loved one
• Real estate
• Special occasion giving

For more information
To learn more about planned giving with the West Island Palliative Care Residence, please contact Amanda Williams at 514.693.1718