You can maximize a retirement plan's benefit by naming The Leukemia & Lymphoma Society of Canada (LLSC) as a direct beneficiary of a Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF) and leaving a legacy that will help people living with blood cancers.
A tax receipt for the full value of the gift will be issued to the donor's estate.
Designating a beneficiary for your retirement plan is easy and costs nothing. Simply advise the institution holding your retirement account of the change in beneficiary.
A gift of life insurance naming The Leukemia & Lymphoma Society of Canada (LLSC) as a charitable beneficiary can be a convenient way to show your support for people living with blood cancers.
You can use life insurance for charitable giving in several ways:
- Donate a paid-up policy, especially if you have more insurance than you currently need. By naming LLSC as the irrevocable owner and beneficiary you will receive a tax receipt equal to the policy's cash surrender less any outstanding policy loans.
- Purchase a new policy or gift an existing policy on which premiums are still being paid, naming LLSC as the irrevocable owner and beneficiary. You are eligible for a tax receipt for the premiums you pay annually.
- Designate LLSC the beneficiary of a new or existing life insurance policy. Upon your passing, your estate will receive a tax receipt for the value of the policy.
Get More Information
To find out more about tax and charitable benefits of giving through a Retirement Plan or a Life Insurance Policy, contact us either through AdminCanada@lls.org or at 1-877-668-8326.