Planned Giving - RRSP or RRIF

Donations made through an RRSP or RRIF provide you with a unique giving option for enhancing direct patient care at the Dr. F.H. Wigmore Regional Hospital. If you are enrolled in an RRSP, or have already converted your RRSP to a RRIF, you can make a charitable gift of all or a portion of any retirement funds remaining to the Moose Jaw Health Foundation.

Contributions to an RRSP are tax deductible and investments grow in an RRSP on a tax deferred basis. When one reaches the age of 69, your RRSP may be converted to a RRIF. Funds withdrawn from an RRSP or RRIF are added to any other income you are receiving, and taxed at the current rate. If you pass away, the RRSP/RRIF, the remaining value may be transferred to your spouse without tax consequences. However, when the surviving spouse dies, the full value of the RRSP/RRIF will be included as income in their last tax returns. This may come as a surprise to many people who plan to leave the full value of the fund to their children through their estate.

With this in mind you may consider leaving registered funds to the Moose Jaw Health Foundation. This may be done in two ways:

• by naming the Moose Jaw Health Foundation as beneficiary of your RRSP or RRIF; or
• by naming one's estate as the beneficiary of the RRSP or RRIF, and then making a gift of all or a portion of  the registered funds to the Moose Jaw Health Foundation in your will.

Each and every gift to the Moose Jaw Health Foundation is deeply appreciated and will help save and enhance the lives of patients.

For more information, please contact the Moose Jaw Health Foundation office at 694-0373 or by email at kelly.mcelree@mjhfoundation.ca.  Thank you for considering the Moose Jaw Health Foundation in your estate planning.  Every gift, no matter what the size, makes a difference.