Case Studies

You don’t have to be rich and famous to leave a substantial charitable gift and enjoy significant tax savings. You may not need your monthly Canada Pension Plan (CPP) benefits to pay your bills. That ‘never spend’ money only gets taxed, re-invested and then taxed again.

The Legacy Pension strategy uses your CPP benefits to fund a permanent tax-exempt Life Insurance policy, creating a substantial windfall for your family and the causes you care about.

Use Life Insurance To Create A Transformational Charitable Gift AND Generate Ongoing Annual Cash Flows.

Donating Life Insurance to Charities is the least expensive and most tax-effective way to create transformational gifts for the causes you care about.

Create an exceptional charitable gift that combines favourable elements of an Annuity, Life Insurance, Philanthropy and Tax to achieve guaranteed income, maximize legacy gifts, create annual gifts, and save taxes.

Taxes Payable Become Generous Charitable Gifts.

Wealthy clients usually have large sums in registered accounts, money they don’t need to pay bills. RRSP and RRIF funds are taxed at over 50% in Ontario.

A $2 million RRSP/RRIF is really worth only $920,000 to heirs. Consider donating all or part of your RRSP/RRIF to your own charitable fund and/or other charities and nothing to the tax department (CRA).

The most common way to gift a policy is by simply assigning the charity as the beneficiary, and upon death, the estate would receive a tax credit based on the amount of the gift. The second method is to change both the policy ownership and beneficiary to the charity.

Create a legacy with a single insurance premium. Ideal for both family and charity.

A unique solution to acquire permanent Life Insurance with a single premium

in the most cost-effective and tax-efficient manner.