Preserve the Future through a planned gift, leaving your own legacy to the environment by supporting an organization that you know and trust. Once you have taken care of the needs of your family and loved ones, you may also wish to consider making a positive impact on the world by leaving a charitable bequest to The Pollution Probe Foundation. It may be one of the most valuable gifts that you make.
By planning your bequest, you can eliminate significant estate taxes. Your estate may claim gifts in the year of your death equal to 100 per cent of your net income in that and the preceding year.
There are many ways to leave a lasting legacy. Discussions with your family and your legal and financial advisors can help you to determine which option is best for you:
Bequests through your will are the easiest way to include Pollution Probe as part of your legacy. Your lawyer can help make sure that your will meets your obligations and represents your interests.
Life Insurance Policies provide a powerful gift with big benefits. Small annual installments can provide a substantial gift, your estate is not affected and the gift is not diminished due to taxes, probate or administration fees. You can choose to donate through an existing policy or a new one.
Charitable Remainder Trusts (CRTs) are irrevocable trusts that provide income for two sets of beneficiaries, in this case, you and Pollution Probe. You receive a tax receipt from Pollution Probe now, while earning interest income from the investments during your lifetime. A financial advisor can help you to determine how to establish a trust that best suits your wishes and circumstances.
Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) are excellent options both for the amount that you can give and the tax benefits that you receive. You can make a gift to Pollution Probe by naming it as the beneficiary under your RRSP or RRIF.