Building a solid foundation for the future, through Planned Giving
The Prince George Hospice Palliative Care Society Planned Giving Program exists to encourage you to plan your charitable gifts to provide the most significant benefits for you, your family, and the Prince George Hospice Palliative Care Society.
Because the Prince George Hospice Palliative Care Society is a registered charitable organization, your gift will qualify for a receipt for income tax purposes.
Once you have decided to contribute, we want your method of giving to be the most advantageous for you. Because tax laws favour charitable giving by providing substantial tax savings, the way that you decide the give will affect the benefits for both of us.
We recognize that people have different financial needs and concerns, so we want you to be aware of the many ways to support programs financially through “Planned Giving.”
Your will provides you with the opportunity to make a significant gift to your community hospice and still meet the financial needs of your family.
If your death triggers a tax liability for any reason or specific reasons such as deemed disposition of capital property, the maturing of an RRSP or RRIF, a bequest to a registered charity will reduce the liability. On your death, unless there is a spouse, these possessions are considered to be sold and therefore create a capital gain, which is taxable.
A donor can name the Prince George Hospice Palliative Care Society as the owner of a new policy. While you are paying the premiums, you receive a tax-deductible income receipt annually for the total amount of the premiums. An alternative is to make the Society the owner of an existing policy, allowing you an immediate tax benefit.
Gifts Of Property
A donation of property, including securities and works of art, provides a gift receipt for fair market value and possible avoidance of tax on a capital gain.
If you have questions about how Planned Giving can work, please stop by the Office at 1506 Ferry Avenue or call us at (250) 563‑2551.
We urge you to consult your own legal, accounting, and financial advisors to achieve maximum benefits for your particular situation.