RRSPs and RRIFs can significantly increase the income on your estate’s final tax return. Where a spouse is designated the beneficiary of these registered savings, they can be transferred free of tax liability to the spouse; however, if there is no surviving spouse (or disabled child), naming a charity as the beneficiary will offset taxes owing with donation tax credits.

    You can make a legacy gift of RRSP and RRIF funds simply by naming the Fraser Institute Foundation as the primary or alternate beneficiary of the plan.

    Benefits to donating RRSPs or RRIFs

    • You provide a future gift while protecting your present financial security
    • Your estate receives a donation receipt to be applied against tax on the distribution of retirement funds
    • By designating the Fraser Institute Foundation as beneficiary, you leave a charitable gift "outside" of your estate. This means that the value of your gift passes directly to the Foundation upon your death and therefore is not subject to probate and other estate settlement fees.

    Even if you wish to make a charitable gift from your estate equal to the value of the RRSP or RRIF, your estate will incur probate fees on the value of these funds. To ensure that the benefits of giving an RRSP or RRIF outweigh possible drawbacks, we advise you to consult a tax professional.