Legacy Giving

Gifts of Securities

Giving a gift of appreciated securities provides significant tax advantages for you. The Canada Revenue Agency web site says that donations of shares, mutual funds, bonds and certain other publicly trades securities will result in a zero inclusion rate for capital gains. This means you do not have to pay tax on the donated securities, and can benefit from an income tax receipt that will reduce your other taxes payable.

 

If you wish to donate securities to Word of Life Canada please use the form provided here and have your broker send the form to Word of Life and the donated securities to our account at BMO Investorline.

 

Wills and Estate Planning

We have partnered with Advisors with Purpose, a Christian financial planning organization, to provide free, no obligation estate plans and will reviews. Please review the materials on this page and contact Advisors with Purpose if you wish to avail yourself of this opportunity.

 

Advisors With Purpose Webinars

September 28th, 2021: 7pm Eastern/ 4pm Pacific
Speaker: Lorne Jackson

Does your Will need an update?

Life Changes…Maybe your Will should too

Marriages, children, new investments, grandchildren, a newly empty nest, moving, retirement and other life changes can affect your Will. You are invited to join us for a webinar hosted by Advisors with Purpose that will help you consider and plan for those changes to make sure your Will reflects your life, faith and dreams

October 26th, 2021: 7pm Eastern/ 4pm Pacific
Speaker: Bold Kere

Will Planning for New Canadians

Navigating Wills and and Estates can be challenging for everyone. It can be especially difficult if you are new to Canada and are less familiar with the terminology and the requirements . You are invited to join us for a webinar hosted by Advisors with Purpose that will help you better understand and plan for your Will with special consideration to those who are first generation Canadians.

November 9th, 2021: 9pm Eastern/ 6pm Pacific
Speaker: Chantel Gibbs

Thoughtful Will Planning for those remarried or in blended families

Blending families and finances can become complex but good planning can help ensure that your Will reflects your new situation while ensuring that every person, situation and asset is considered.   You are invited to join us for a webinar hosted by Advisors with Purpose that will present solutions and ideas that need to be addressed. 

November 25th, 2021: 7pm Eastern/ 4pm Pacific
Speaker: Greta Luimes

Planning to change the world 

There’s more than one way to give. In fact, good planning and understanding your options can help you give strategically and generously.  You are invited to join us for a webinar hosted by Advisors with Purpose that will explain a variety of options for your giving. 

January 20th, 2022: 7pm Eastern/ 4pm Pacific
Speaker: Lorne Jackson and Akua Carmicheal

Your Will, your executor and what you all need to know. 

It is important that both you and your executor understand the key elements of a Will, the role and responsibilities of an executor and the strategies that can be used to avoid taxes and fees while also ensuring your Will reflects you, your life and your faith. You are invited to join us for a webinar hosted by Advisors with Purpose that will prepare you to create a well planned Will and if your executor wants to join you, they are very welcome as well. 

February 22nd, 2022: 7pm Eastern/ 4pm Pacific
Speaker: Abraham Somavarapha

What you need to know about RRSP’s and your Will 

RRSP’s may be an excellent way to save for retirement but what happens when some of those savings remain behind? Many think that they can be simply rolled over to the children but unfortunately much would go the government in taxes first. Our  partners at Advisors with Purpose are hosting a Webinar that will explain what will happen to your RRSP’s.

March 22nd, 2022: 3pm Eastern/ 12 noon Pacific
Speaker: Lorne Jackson

Promoting Family Harmony in Wills and Planning

Everyone needs Will. Whether you have a little or a lot, it is important that you have a Will that not only plans for your stuff but also makes a  statement about your faith, your values and wishes. Unfortunately, sometimes the process can be  difficult. Our  partners at Advisors with Purpose are hosting a Webinar that will help you consider how you can plan your Will and not only avoid conflict  but hopefully also promote family harmony within your family, heirs and executor.

April 21st, 2022: 6pm Eastern/ 3pm Pacific
Speaker: Chantel Gibbs

Planning Well for your Business

What are the specific planning items for business owners and why is it important to have a plan? This might include a shareholder agreement to address death, disability, dispute, divorce, or departure of a shareholder. It might include thinking through an exit plan ahead of time. Are there potential buyers of the shares or will the business be wound up on death or retirement? A plan is key. Our  partners at Advisors with Purpose are hosting a Webinar that will help you better understand the options and processes.

April 26th, 2022: 7pm Eastern/ 4pm Pacific
Speaker: Rev. Ray Borg

Money and Discipleship 

Many people are experiencing financial challenges, such as debt, a frustrating job, or inadequate savings. The Bible has a lot to say about money.  Indeed, the Bible is a blueprint for managing your finances. In this webinar hosted by our partners at Advisors with Purpose, we will  discover the profound impact handling money has on your relationship with God.

May 10th, 2022: 7pm Eastern/ 4pm Pacific
Speaker: Abraham Somavarapha

Considering your options – Will Planning for Singles

Will planning is important for everyone and those who are unmarried, divorced or widowed could have unique situations and decisions to consider. Our  partners at Advisors with Purpose are hosting a Webinar that will help you think through the options and planning tools that are unique to singles.

May 26th, 2022: 7pm Eastern/ 4pm Pacific
Speaker: Abraham Somavarapha

No heirs? Options for planning your estate

So much information about Wills and Estate Planning involves strategies and tools for those with heirs. However, it is important that everyone has a Will that reflects their lives and faith and those without heirs have many opportunities to consider. .Our  partners at Advisors with Purpose are hosting a Webinar that will help you think through those options and ensures that your Will leaves a legacy that impacts generations to come.

June 7th, 2022: 7pm Eastern/ 4pm Eastern
Speaker: Lorne Jackson

How does foreign property affect my Will in Canada

Many Canadians have vacation or investment properties outside of Canada. There are some specific things you need to know about planning for them in your Will. Our  partners at Advisors with Purpose are hosting a Webinar that will walk you through the legal requirements and strategies to ensure the best outcome.

Charitable Gift Annuities

We have partnered with Link Charity Canada Inc. to make this giving option available to you. If you are planning to give a gift to your favourite charities after your death but could benefit from a tax donation receipt now and would like to receive a tax free income for the rest of your life this is an option for you to consider.

 

The benefits of a charitable gift annuity include an immediate donation receipt for at least 20% of the amount of the annuity capital; removing the amount of the annuity capital from your estate so less probate tax on your estate; in most cases, for people over age 72, a tax free income of at least 4% compared to a taxable income of less than 2% for money invested in GIC’s; and a lasting benefit to the charities of your choice when you have passed. If you are interested in learning more about this please visit www.linkcharity.ca for more information.