You can change the beneficiary information on your RRSP or RRIF contract and notify the financial institution that manages your retirement account, or indicate your decision to donate to the Quebec Aids Foundation in your will.
Donating an RRSP or RRIF is very advantageous. Retirement funds are the most heavily taxed because they are added to your final tax return as taxable income. For example, if you have $100,000 in your RRSP or RRIF, it will be added to your income in the year of death and taxed at the highest marginal rate. However, when a charity is named as the beneficiary of a registered plan, the official receipt issued by the charity covering the entire amount transferred may offset the tax.
- When plan assets are directly designated, they do not enter the estate and are therefore not subject to probate fees (these do not exist in Quebec). In addition, your estate will receive a tax credit.
- This is an effective way to avoid a tax bill and preserve the value of the funds.
Do you have any questions?
If you have any questions about donations and their application in general, or about the strategies that may be best for you in your situation, please fill out the form below. A donor service officer will respond to you as soon as possible.
We have donated more than $10,050,000 to various community organizations working on HIV/AIDS.
We merged with the Farha Foundation in 2017. Together, we have given over $10,050,000 thanks to our valued donors.
Making a donation to the Quebec AIDS Foundation is being part of the solution. It’s helping to support people affected or living with HIV/AIDS in your community.