Many people have a lot of their wealth invested in RRSPs, RRIFs and other deferred pension plans.
These funds typically pass on tax free to a surviving spouse. However, when the surviving spouse dies, any money still in the funds becomes 100% taxable on the final tax return.
An individual can avoid this tax by donating the funds to a charity such as the Stollery Children’s Hospital Foundation by naming the Foundation as the beneficiary of the remaining deferred pension funds or by gifting a similar amount to the Foundation in your will.
If you would like more information on making a gift of deferred pension funds, please contact:
Director of Development
Stollery Children's Hospital Foundation
Direct: (780) 431-4605