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NONTAX FILER INFORMATION Concordia University

NONTAX FILER INFORMATION Concordia University

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[Music] Planned Giving is designing a gift for a donor to Concordia in a way that best fits their financial and philanthropic objectives RSP and RIF assets registered assets are the most widely held assets and therefore they are the ones that people are able to use to make requests and they have significant tax advantages to do so leaving a gift of RRSP or RIF proceeds to Concordia is a very tax efficient way of doing things in terms of your estate when people pass away there are our SPS for rifts become immediately taxable at the regular tax rate most people would lose up to 50% of the amounts that are in their RRSP or rifts when a charitable donation is made of a portion of your RRSP or RIF monies then the estate gets a charitable tax receipt for that and therefore no tax is paid on that portion and the benefit to the estate is much greater I wouldn't want people to think that it's only the wealthy that can benefit from the advantages of plan giving it really is for e

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