Deferred Gifts: Registered Retirement Savings

In the 2000 Federal Budget, International Teams (and other Canadian charities) was authorized to be named as a beneficiary on registered retirement plan documents. A tax receipt for the value of the investment gifted will be issued to the donor's estate and applied towards the final income tax return.

Benefits of making a gift of an RRSP or RRIF

• RRSPs and RRIFs are a tax-smart way of supporting International Teams

• In the year of death your estate may claim gifts equal to 100 percent of your net income and the preceding year. Since RRSPs and RRIFs become fully taxable as income in the year of death, and often at the highest marginal tax rate, choosing a beneficiary such at International Teams will save significant tax compared to cashing out

• You retain use of funds while alive

• You avoid probate. Gifts of RRSP and RRIFs are less susceptible to being contested than a charitable bequest, and provide privacy

• You can designate your bequests to any International Teams program or area that meets your interest and focus such as community development, marginalized women, refugees etc.

What you should know about arranging an RRSP or RRIF gift

• International Teams can assist you and your legal counsel by providing some sample wording to use that would ensure that we can accept your gift as you intend

• Please use the legal name "International Teams Canada" in your bequest clause while citing our Charitable # 12659 9919 RR0001.

For more information on giving registered retirement funds, please contact International Teams at 1-800-465-7601, 519-669-8844 or email us at give@iteams.org