Donating Retirement Funds

UTS can be a named beneficiary on registered retirement plan documents. A tax receipt for the value of the investment gifted will be issued to the donor's estate and applied towards the final income tax return. You can avoid probate and gifts of RRSPs/RRIFs are less susceptible to being contested than a charitable bequest.

For more information on gifts of retirement funds, please contact Martha Drake, Executive Director, Advancement, by email at mdrake@utschools.ca or by telephone at 416-946-0097.

This information is general in nature and does not constitute legal or financial advice, and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, estate planning and/or financial advice before deciding on your course of action.

 

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