Three reasons you should leave a charitable gift in your Will

Many Canadians are uncomfortable talking about and making plans around death. In fact over 60% are not fully prepared.

Making a Will provides protection for you and your loved ones, and can help you meet your personal goals.  One important consideration is whether to include a gift to a charity in your Will.

Here are three reasons why you should leave a gift to the Georgian Bay Symphony in your Will:

Leave a legacy

Your planned gift to the Georgian Bay Symphony will help Keep the Music Playing. This is an opportunity for you to communicate the values you live by. And it can be an uplifting moment during a difficult for time for your loved ones that inspires them to give back to the world around them. Now that is a true way to leave your legacy.

Tax benefits of leaving a gift in your Will

Including a gift to charity in your Will is the best way to eliminate taxes for your estate and heirs. In 2006, the Federal Government granted a 100% tax credit for gifts to charity in your Will. It is one of the only ways to reduce taxes owing upon death and at the same time may actually increase inheritances to your loved ones. Many Canadians are not taking advantage of these benefits because they do not know about them.

Simple, cost-effective giving

A planned gift in your Will lets you give a charitable gift in the future without affecting your income and savings today. For example you could designate a specific amount, or assets like real estate, stocks, or bonds to a charity such as the Georgian Bay Symphony. Those gifts remain in your possession and under your direction. You can make adjustments to your gift any time, making it one of the most flexible ways to give.

(Specific Wording to leave a gift to the Georgian Bay Symphony)

Note: This information on this website is provided for general information purposes only. It is not intended as a substitute for professional advice and assistance from your lawyer, financial advisor, or tax consultant. We recommend that you discuss your plans with your lawyer and/or financial advisor to ensure that they reflect your financial circumstances and giving goals, before proceeding with a legacy gift.

Last Will and Testament