Why consider a planned or legacy gift to Easter Seals Ontario?
Planned giving helps provide you with a unique tax advantage that eases the tax burden on your loved ones. With effective planning, your loved ones will not lose your hard-earned income or assets to fees and taxes.
Benefits to you when you plan a charitable gift to Easter Seals Ontario:
- Potential to reduce your taxes, now or later
- Easy to do, and easy to have a big impact, with no expense to you during your lifetime
- Makes a difference for kids and their families
We hope your years of trust in us may extend beyond this lifetime. Please support the future of the Easter Seals kids, who you have so generously been assisting over the years.
Planning for the future is smart.
You have many options and potential tax benefits when making a planned or legacy gift:
Will Bequest
Bequest giving is easy to do and reduces taxes on your estate’s final tax return
When a charitable organization is written into your will, there is no cost to you during your lifetime. Your estate will be issued a tax receipt for 100% of the amount of the bequest, resulting in a tax credit on your estate’s final income tax return.
When including Easter Seals Ontario in your will our legal name is “The Ontario Society for Crippled Children, operating as Easter Seals Ontario”.
Sample bequest language:
Specific, unrestricted
I give, devise and bequeath to The Ontario Society for Crippled Children (Charitable Registration #119068377 RR0001), operating as Easter Seals Ontario the sum of $_________ to be used for any purpose(s) approved by the Board of Directors of Easter Seals Ontario. The receipt of the person who professes to be the Director of Finance & Administration or other proper officer for the time being of Easter Seals Ontario shall be sufficient discharge thereof.
General % unrestricted
I give, devise and bequeath to The Ontario Society for Crippled Children (Charitable Registration #119068377 RR0001), operating as Easter Seals Ontario __ % of the residue of my estate to be used for any purpose(s) approved by the Board of Directors of Easter Seals Ontario. The receipt of the person who professes to be the Director of Finance & Administration or other proper officer for the time being of Easter Seals Ontario shall be sufficient discharge thereof.
Gifts of Securities
Make an immediate difference while reducing taxes
As with a cash donation, a donation of securities, stocks or mutual funds results in a tax receipt from the charity. The key difference is with regards to the reduced tax treatment. If you sold your shares, you would be taxed on 50% of the capital gain. By gifting them directly to Easter Seals Ontario, there is no tax on the capital gain. The securities must be transferred to Easter Seals Ontario. A tax receipt will be issued for the market value on the day of transfer.
RRSPs and RRIFs
Put a savings plan you no longer need to good use
By designating Easter Seals Ontario as the beneficiary of an RRSP or RRIF, you are providing for the future of children with physical disabilities. You will also receive a tax receipt for the full donation amount in the year of transfer.
Gift of Life Insurance
Make a larger gift than you might otherwise be able to do
A gift of life insurance can help reduce your estate’s tax bill, and enable you to increase the size of your gift to charity. You have a couple of options:
- If you have an existing policy that you no longer need, you can simply name Easter Seals Ontario as the beneficiary. The proceeds of the policy will go directly to Easter Seals without entering into your estate, and will avoid probate.
- Or, by purchasing a new policy and naming Easter Seals Ontario as the owner and beneficiary, a tax receipt will be issued for each premium payment, resulting in immediate tax savings for you. You can also arrange a lump sum payment.
Charitable Gift Annuity
Receive a guaranteed payment for life
A charitable gift annuity is a financial investment that allows you to make a gift to charity while receiving a guaranteed, continued stream of income for life from that gift. This creates additional after-tax value for you, and a substantial portion of your payment is tax-free.
Charitable Remainder Trusts
Receive immediate tax benefits
A Charitable Remainder Trust can be established by contributing cash, securities, mutual funds or real estate to the trust. Income can be received throughout your lifetime from the trust, and upon your death the “remainder” passes directly to charity. The capital is safe and a tax receipt for the maximum allowable amount will be issued to you based on current Canada Revenue (CRA) standards.
Gifts of Residual Interest
Reduce income tax now and retain the use of the item or property
Reduce your income tax by donating a gift of property, art, or other assets to Easter Seals Ontario while retaining the use of that item. For example, you might donate a residual interest in your cottage, but continue to use it and enjoy it over your lifetime. These gifts of residual interest allow you to reduce income tax now, with no change to living arrangements or lifestyle.
For more information please contact us:
plannedgiving@easterseals.org
1.800.668.6252 416.421.8377
Easter Seals Ontario strongly recommends professional advice to ensure that your financial goals are considered, your tax situation reviewed and your planned gift is tailored to your circumstances. Making a planned gift involves preparation and planning. Planned gifts should always be part of your estate and/or financial planning process.