Gifts of Retirement Funds (RRSPs)
The benefits of making a gift of RRSPs or RRIFs:
- You have use of your retirement saving investment during your lifetime.
- RRSPs and RRIFs are a tax effective way of supporting Trinity College. Your estate may claim gifts in year of death equal to 100 per cent of your net income in that year and the preceding year. (RRSPs and RRIFs become fully taxable as income in the year of death, usually at the highest marginal tax rate, unless any remaining funds can be rolled over to a surviving spouse or dependent child.)
- RRSP and RRIF gifts are revocable and can be changed if necessary.
For more information on gifts of retirement funds to Trinity College, please contact Meredith Meads at 416-946-7371 or firstname.lastname@example.org
This information is general in nature, does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek legal, estate planning and/or financial advice before deciding upon your course of action.