Leave a Legacy with Canuck Place
Join a community of dedicated supporters who have chosen to remember Canuck Place Children’s Hospice in their wills.
One of those people is former NHL broadcaster, Jim Robson. Through his relationship with the Vancouver Canucks, Jim has supported Canuck Place since the first provincial location was opened in 1995.
Gifts of Stocks & Securities
Your gift of publicly-traded securities – including shares, mutual funds and stock options – is a cost-effective opportunity to transform an asset into immediate and significant support, allowing Canuck Place to provide vital critical care.
A tax efficient donation alternative
A gift of appreciated securities is a worthwhile alternative to a cash gift. Flexible choices allow you to decide how you want to give, and the elimination of capital gains tax on gifts of appreciated securities provides you with a substantial tax incentive for donating stock.
You will be entitled to a donation receipt for the full market value (resale) of your contribution. Your gift of securities will result in a generous, non-refundable tax credit that will have the effect of lowering your income taxes. You can use your tax credit in the year of your gift or carry it forward for up to five additional years.
The following example illustrates the benefit of gifting stock to make a donation versus selling the stock and donating the cash to charity:
|Sell shares and gift cash to charity||Gift shares to charity|
|Proceeds of disposition (a)||$10,000||$10,000|
|Adjusted cost base (b)||$2,000||$2,000|
|Capital gains (c = a – b)||$8,000||$8,000|
|Tax on capital gains (d = (c x 50%) x 46%)*||$1,840||$0|
|Donation tax credit (e = a x 46%)||$4,600||$4,600|
|Net tax savings from||$2,760||$4,600|
*The tax rate paid on your last dollar of taxable income.
This example provided is for illustration purposes only. Please consult your financial and/or legal advisor for tax-effective giving that is most suitable for you. Your charitable receipt will be valued based on the closing price on the day when the shares are legally transferred to Canuck Place’s account.
How to Proceed
Step 1: Fill out the form
Download and complete the Donation of Publicly Traded Securities to Canuck Place Children’s Hospice form.
Step 2: Send the form
Fax the completed form to both our investment counsel and to us at the fax numbers indicated on the form.
Step 3: Receive a tax receipt
Upon receipt of the transferred shares (which can take some time), Canuck Place will issue you a tax receipt.
Gifts of Life Insurance
A gift of life insurance is an excellent way to provide a legacy gift to Canuck Place. By giving through life insurance you can:
- Make a substantial gift for a relatively small premium.
- Become a major benefactor immediately, rather than waiting years to make your gift from accumulated assets.
- Gain present and future tax benefits and guarantee the value of your gift will not be reduced by taxes, probate or administrative costs.
- Make a significant gift that is considered independent of your estate, and therefore cannot be challenged.
We welcome the opportunity to discuss life insurance as a gift planning tool with you. To speak to someone personally and confidentially, please contact Robert Hamanishi, Legacy Giving Officer at [email protected] or 604.730.3310
Life Insurance Options
Transfer ownership of an existing, fully-paid policy. If you have a fully paid up policy that is no longer required to meet your family’s financial needs you can transfer ownership to Canuck Place and name it the beneficiary. You will receive a donation receipt for the cash surrender value immediately, just as if you made a cash donation.
Sign over a partially-paid policy. When you transfer ownership of a policy that is partially paid and name Canuck Place as beneficiary, you will receive a tax receipt for the cash surrender value. You will also receive a tax receipt for your payments of the annual premiums.
Purchase a new policy and make Canuck Place the owner. When you make Canuck Place the owner and beneficiary of a policy, you are entitled to tax receipts for premium payments.
Make Canuck Place the beneficiary of your policy without transferring ownership. The proceeds of the policy will be paid to Canuck Place immediately upon your death. Your estate will receive a charitable tax deduction for the amount of the insurance policy.
How to Proceed
Step 1: Pick Insurance Type
Determine which type of insurance would best suit your estate plan and philanthropic intent. The type of insurance is dependent on your need for immediate tax relief or for saving taxes on your estate.
Step 2: Complete the Insurance Forms
Work with your insurance agent to complete the forms with the correct name and charity number as listed below.
Legal Name: Canuck Place Children’s Hospice
Charitable registration number: 13386 7523 RR0001
Step 3: Transfer of Insurance Ownership
If you choose to transfer the ownership of an insurance policy to Canuck Place Children’s Hospice, please provide your insurance agent with contact information for the hospice. Your agent will then obtain the signature of a Canuck Place Children’s Hospice representative.
Learn about leaving your mark or how you can have your will completed for free by contacting Robert Hamanishi at 604.730.3310 / [email protected] or completing the form below.
Canuck Place Children’s Hospice supports children living with life-threatening illnesses and the families who love them all across BC. With your support, families receive access to medical respite care, end-of-life care, counselling services, and so much more, all free of charge.
Please note our legal name, address and charitable registration number for your records.
Canuck Place Children’s Hospice
1690 Matthews Avenue
Vancouver, BC V6J 2T2
#86370 4920 RR0001