Gifts of RRSP/RRIF/TFSA

When you make the decision to support Richmond Hospital with a gift for the future, you are dedicating yourself to impacting health care for future generations, ensuring residents of Richmond will continue to have the best in care close to home.

You can also donate the proceeds of a registered account such as a tax-free savings account (TFSA), registered retirement savings plan (RRSP), registered retirement income fund (RRIF) and other deferred pension plans by designating Richmond Hospital Foundation a direct beneficiary of your gift.

Donated gifts of RRSPs/RRIFs/TFSAs are separate from your estate and are NOT subject to probate fees or other settlement delays. This means your gift supports health care at Richmond Hospital and in the community for future generations as soon as the gift is received.

What are the benefits of naming Richmond Hospital Foundation as a direct beneficiary of your TFSA, RRSP, RRIF or other deferred pension plan?

1. You avoid paying probate fees on the funds.
2. You may be able to receive an exemption on any capital gains realized on the donated portion of your registered assets*.
3. Your estate will receive a charitable tax receipt for your gift, offsetting taxes owed on other assets within your estate.
4. You will have a direct impact on the health care and the lives of future generations.

*Please note the new estate donation rules effective January 1, 2016, can be complex. Please discuss your gift planning with your professional advisor.