Forever CHEO Newsletter – Volume 1

header

Attendees

Attendees at the recognition event pictured here are; Peter Harle, Ruth Hamilton’s nephew, Pamela Harle, CHEO patient Younghyun Moon, Carol Theoret-Douglas, CHEO and Kevin Keohane, CHEO Foundation.

Sidebar1Donors create a never ending CHEO story

Earlier this year, the CHEO Foundation formally celebrated the largest single bequest in CHEO’s history. Over $1.2 million was received from the Estate of Ruth Isabelle and the Honorable William (Bill) MacLean Hamilton. It was designated to CHEO’s Rehabilitation Department.

There was an incredible spirit in the room as Bill and Ruth’s lifetime achievements and their continued impact on the community was recognized and celebrated. This donation went to the purchase of a Virtual Reality System, research and a number of capital projects in the department.

Bill and Ruth Hamilton will never know how far reaching their gift to CHEO really was, but a countless number of patients and their families will benefit from this generous gift thanks to their forward thinking. What the Hamiltons have created is truly a lasting legacy of care and hope.

For more information about the Hamiltons and other Forever CHEO stories click here.


Forever CHEO Legacy Advisory Committee

The CHEO Foundation is proud to work with many professionals in our community who help their clients make meaningful donations and a lasting impact on their community 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 is always available to talk with you about how you can include your favourite charities in your Will, save on taxes and still look after your families’ interests.

Ryan-thumbShawn Ryan, CFP,TEP Partner and Senior Insurance and Estate Planner with Scrivens Insurance and Financial Solutions.
sryan@scrivens.ca
(613) 236-9101

 

Sicotte-thumb Denis Sicotte, LLB is a founding partner of Sicotte Guilbault and was previously licensed as a chartered accountant.
dsicotte@sicotte.ca
(613) 830-5300

 

St-Louis-thumbPaul St. Louis, LLB, TEP Vice President Doherty and Associates began his professional career as a lawyer and is now specializing in estate planning, estate settlement and fiduciary management.
paul.stlouis@doherty.ca
(613) 238-6727 ext. 7107

Houle-thumb Jessica Houle, LLB is an associate at Sicotte Guilbault (currently on maternity leave at home with her baby boy, Simon)
jhoule@sicotte.ca
(613) 590-2515


The Benefits of Gifting RRSPs or RRIFs

If you are confident that your family is well provided for
or if you do not have a spousal beneficiary, you may want to consider designating a registered charity as the beneficiary of your Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF).

THERE ARE SIGNIFICANT BENEFITS :Sidebar2

• It is simple since there are no legal documents or complicated trust arrangements required.

• A tax receipt for the full amount is transferred to the charity (this may significantly reduce taxes due on the disposition of the RRSP/RRIF on the final tax return of the deceased).

• It is not subject to probate fees as the money will go directly to the charity and not pass through your estate.

• You can easily change the beneficiary at any time which means that you, as the donor, have total control over this asset until death.

WHAT YOU NEED TO DO:

• Advise the charity of your intention to donate your RRSP or RRIF.

• Designate the charity of your choice as beneficiary of your RRSP or RRIF.

• Consult a tax planner to ensure the benefit of the gift offsets your final tax bill.

• Discuss and involve your heirs with your intentions to include charitable giving in your estate plans.

We recommend that you obtain advice from a professional accountant or estate planner before making a gift of retirement savings.

For more information on how you can create your Forever CHEO legacy, contact Megan Doyle Ray at (613)738-3694 or megandoyle@cheofoundation.com

footer