Publicly Traded Securities
If you sell a stock or bond privately, you are taxed on 50% of the capital gains. If you gift that security directly to the church, however, all capital gains taxes are eliminated and you receive a tax receipt for the full market value of the security on the day it is received by the church.
The PCC’s charitable registration number is BN107856619R0001.
Gift annuities are a way that Canadians 60 years of age and older can make a gift to the church to fund the ministries of their choice and in return receive a guaranteed annual income for life, the majority or all of that income tax-free. They are truly gifts that give back, and they are a simple way for those who depend on a consistent income stream while they are living to leave a substantial legacy after they die.
Your Last Will and Testament is the cornerstone of estate planning, yet less than 50% of Canadians have a legal will in place. If you die intestate (without having a legal will), the government determines how your estate will be disbursed, and the government has already decided that no charity will be the beneficiary. If you would like the church or other charity to have a portion of your estate, you simply must have a legal will in place.
Life insurance is often something we don’t really want to think about—after all, who wants to think about their own death? Yet life insurance can also be a creative way to increase the amount you are able to leave the church while also providing for your loved ones and heirs.
Life Beneficiary Gifts (RRSPs and RRIFs)
It’s a simple process to add the church as one of the beneficiaries of your RRSP or RRIF. Since such gifts are deferred, designating the church in your RRSP or RRIF doesn’t jeopardize your own future financial stability and your estate will benefit from the tax credits.
Gifts of Cash
Whether it is a one-time gift or given over time, cash is a simple and effective way of supporting your local Presbyterian congregation’s mission and ministry.
Gifts of Residual Interest
Did you know that you could give your home to the church now, receive immediate tax benefits and continue to live in your home for the rest of your life? Such gifts are called gifts of residual interest, and they are a way that you really can have your cake and eat it too.
Charitable Remainder Trusts
Many people would like to leave a gift to the church but also want to make sure that the needs of a dependent child or spouse are provided for. Charitable Remainder Trusts are a way that you can meet both of those objectives.
Donor Advised Funds
A Donor Advised Fund is set up by a donor who reserves the right to direct how the capital is invested and how the revenue generated by the fund is distributed. This type of giving agreement is made between a donor and a sponsoring organization (such as a community/charitable foundation, charity or financial institution).These organizations have the capacity to set up and administer this form of giving.