Forever CHEO (Legacy Giving)

Forever CHEO is a way to ensure that CHEO will always be here to provide excellent care, lifesaving research and invaluable support to children and their families every day by making a gift from your estate.

When you leave a gift in your Will to CHEO you have the option of designating it to address immediate needs within the Hospital, the Research Institute or the Forever CHEO Endowment Fund. This fund will preserve the full amount of your gift and disperse the interest to CHEO annually. Since the fund will live on in  perpetuity, so will your gift to future generations of children at CHEO. This is a way to leave a permanent and meaningful mark on your community.

Ways to give:

Bequests Endowment Funds Other Legacy Gifts

Forever CHEO Newsletters

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Volume 1 – November 2015

Volume 2 – November 2016


Forever CHEO Stories

Hamilton VroomFamily LaRue
Runnalls Andrews Boulva Ward
Lynn Wackid MacMurray Robillard Katz
forrest

 The Forever CHEO Legacy Advisory Committee

The CHEO Foundation is proud to work with many professionals in our community who help their clients make meaningful and lasting donations through estate planning. We are pleased to introduce a few of those professionals who make up our Forever CHEO Legacy Advisory Committee. This group of dedicated professionals are always available to talk with you about how including charitable giving in your estate will not only help your favourite charities, but will help you and your family as well.

Houle-thumb Jessica Houle, J.D. is an associate at Sicotte Guilbault LLP and a member of the Business Law Group as well as the Franchise and Distribution Law Group. Jessica is fluently bilingual, and her practice focuses primarily on commercial law (including Franchising), employment law and wills and estate law.
Learn more about Jessica Houle…
  jhoule@sicotte.ca | (613)-837-7408, ext. 260
Ryan-thumb Shawn Ryan, CFP, TEP Partner and Senior Insurance and Estate Planner with Scrivens Insurance and Investment Solutions has over 25 years experience in the financial services industry and has his CFP (Certified Financial Planner) and his TEP (Trust and Estate Practitioner) designations.
Learn more about Shawn Ryan…
 sryan@scrivens.ca | (613)-236-9101
St-Louis-thumbPaul B. St. Louis, LL.B, TEP Vice- President, Doherty & Associates Ltd., Investment Counsel began his professional career as a practising lawyer and subsequently spent the next 15 years in private wealth management with two of Canada’s largest financial institutions specializing in estate planning, estate settlement and fiduciary management.
Learn more about Paul B. St. Louis…
  paul.stlouis@doherty.ca | (613) 238-6727 x 7107

Warren-thumbDaniel B. Warren
, CPA, CA, TEP is a founding partner of Hendry Warren LLP. Dan is an income tax specialist with over 30 years of experience in public practice. He advises individuals and business clients on a wide variety of issues including estate planning and strategies to achieve their charitable giving objectives.
Learn more about Daniel B. Warren…
  Dan.Warren@hwllp.ca | (613) 235-2000 x 234

MINIMIZE THE FINAL INCOME TAX LIABILITY OF YOUR ESTATE

Did you know that approximately 80% of Canadians will donate to a charity during their lifetime? However, it is estimated that less than 10% will include a gift to a registered charity in their Will.

In addition to the spiritual and community benefits of gifting to a registered charity, naming a registered charity as a beneficiary in your Will can also be an effective way to minimize the final income tax liability of an estate. Without proper planning, a deceased’s income tax liability could be significant. Various income inclusions at the time of death, such as deemed capital gains and the fair market value of an RRSP can result in a higher than expected estate income tax liability given Canada’s graduated income tax rates.

Gifts to Forever CHEO can include cash legacies, bequests of real or personal property, securities, life insurance proceeds and all or part of the residue of the estate. All of these gifts can potentially generate tax credits available to reduce an estate’s income tax liability. Additionally, the gifting of certain types of capital property to Forever CHEO under the terms of a Will may avoid capital gains but still maximize the tax credits available from such a gift.

 

While the CHEO Foundation strongly urges you to seek professional legal and financial advice when planning your estate, we will do everything we can to assist you in creating a legacy gift to CHEO. Please feel free to contact any member of CHEO’s Legacy Advisory Committee for more information about minimizing the tax liability of your estate and how you can make a lasting impact on the kids and families at CHEO. We would be happy to help you create your Forever CHEO legacy for generations of CHEO patients.