Registered Plans (RRSPs and RRIFs)
Many Canadians have savings in Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF) which can often create large tax liabilities in the year of death, since the entire amount of the plan is included in your income in one year. Arranging for a donation of all or a percentage of your RRSP or RRIF to the Alzheimer Society Niagara Foundation upon your death is an effective way to reduce the taxes payable by your estate.
Contact your insurance agent, accountant or financial advisor to learn more information about how to take full advantage of gifts of registered plans (RRSPs and RRIFs).
Last Updated: 11/08/2017