One Mission Society Canada partners with Link Charity to assist you as you plan your contribution to the work of the OMS. Link Charity is a registered charitable organization helping charities with their planned giving.
Through our partnership with Link Charity, you may gain these advantages. 1. Save hundreds of dollars in lawyer fees by using Link Charity’s letter of direction with your will. 2. Easy and cost effective process for donating stocks and mutual funds, which can save hundreds of dollars in brokerage fees and capital gains. 3. When supporting multiple charities under one Link Charity Gift Annuity you will save time, money and effort. 4. Your donations can be anonymous and selective to many charities using one giving tool. 5. Create a type of Family Foundation through a Donor Advised Fund program without all the costs and legalities involved in other programs. 6. Save thousands of dollars in taxes both now and at estate time with Link Charity’s customized gift giving estate plan. |
Gift Annuities
Annuities allow you to make a planned gift while securing an income for yourself. This option enables you to give to One Mission Society Canada while receiving money to live on. One Mission Society Canada partners with Link Charity to help donors with this kind of planned giving. When you donate a capital sum to Link Charity they will guarantee you payments at an attractive rate for the rest of your life. Link Charity invests your donation in an investment pool and it generates a return. Upon your death the residual capital is released to One Mission Society Canada. |
Bequests and Wills
Whether it is part of your will or named in your registered accounts or life insurance policies, Link Charity advises that adding a child called 'Charity' can make a huge impact on your tax savings to your estate, significantly bless One Mission Society Canada and still leave close to the same amount to your 'real' children. |
Gifts of Securities
The 2006 Federal budget enhanced the incentive for Canadians to donate publicly traded securities (shares or mutual funds) directly to charities like One Mission Society Canada by eliminating the payment of capital gains tax on such direct gifts. Link Charity says that this enhancement creates an excellent giving mechanism that may multiply the benefits to you and to One Mission Society Canada. It is particularly useful at a time when shares have appreciated in value significantly. |
Life Insurance
Some of the largest gifts to charities come in the form of donated life insurance policies in some form or another. There are many opportunities surrounding gifts of life insurance policies and many variables based on type, ownership, beneficiary designation etc. In essence, instead of being done with the insurance policy you can choose to gift it away. |
RRSP/RRIF
Saving for your retirement has become an essential part of a complete financial plan. However, your strategy should also consider what happens to your RRSP or RRIF when you pass away. Upon your death, where a surviving spouse is a named beneficiary, these registered savings are transferred to his/her name without a tax liability. However, when there is no surviving spouse (or disabled child) listed as the beneficiary, these accounts are deemed to be disposed of and 100% of the remaining balance is added to your income in the year of your death. If other income was earned in the year of your death, this could easily be subject to tax at the highest marginal tax rate. Since Canadians can now receive tax credits for charitable gifts of up to 100% of their income in the year of their death (and retroactive one year) it may make good sense to gift assets like these directly to charities through a beneficiary designation. |
Charitable Loan Agreement
A Charitable Loan Agreement permits you to lend your money for Link Charity to use in its investments. In turn, Link Charity pays you an attractive rate of return, while the profits made on your funds will be donated to your favourite charities. In essence this is a charitable GIC. |
|
Phone |
(289) 288-7077
(800) 784-7077 |
Address |
4145 North Service Rd Suite 200
Burlington, ON L7L 6A3 |