Gifts of Retirement Plans

Individuals with no surviving spouse will have, upon death, their RRIFs, RRSPs, LIFs or LIRAs deregistered to become fully taxable as income, usually at the highest marginal tax rate.

By giving these retirement plans to the MUHC Foundation, taxes on the proceeds are essentially eliminated. This can now be done directly through the RRSP or RRIF and it is not necessary to name the MUHC Foundation as a beneficiary in your will.