Registered Retirements Funds
Plan for a bright future with your RRSPs and RRIFs—and plan for the future of the Grace Church.
Grace Church-on-the-Hill can be named as a direct beneficiary of Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs).
Benefits of planned gifts of RRSPs and RRIFs:
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There is no cost to creating a registered retirement fund gift
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Your gift can be kept private, as these types of gifts are not part of your will
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Generate a charitable tax receipt to offset taxes that become due in the year of death, when the remaining funds in most RRSPs/RRIFs become fully taxable as income
How to arrange a gift of RRSPs and RRIFs to Grace Church-on-the-Hill:
Fill out the beneficiary designation clause of your RRSPs and RRIFs using the legal name “The Incumbent and Churchwardens of Grace Church on-the-Hill, Toronto, Ontario (Canadian charitable registration number BN #118943646RR0001)”
How to make an immediate as well as a future impact:
If you find that you do not need the required annual withdrawal from your RRIF, you may consider donating this annual amount to Grace Church to offset your taxes.