No one wants to prepare for an unexpected tragedy, but if something happens who will take care of your cats? Download a VOKRA Continual Cat Care Provisions Sheet here.
The best reasons to plan a gift
The majority of Canadians contribute to charitable organizations throughout their lives in some way or another. However, few individuals or families give in a planned, well-though-out manner.
A legacy gift is a living, active reminder that an individual or family cared about their community and supported causes that were important to them long after they are gone. Through a bequest in a will or other planned giving methods, donors can invest in organizations that have made a difference in their lives and in the community.
Remarkably, a gift can also be a very practical addition to a financial or estate plan when tax issues are taken into consideration – even for those who think they may not have tax issues.
Planned charitable giving can help your financial picture, while helping other you care about. If done properly, charitable giving can benefit both VOKRA and you, the donor.
Planned giving options
In addition to the satisfaction that comes from contributing to the future of VOKRA, you can often achieve significant tax and estate planning benefits.
There are a number of options available. Your lawyer, accountant or financial planner can help you decide which option(s) will work best for you and your family.
Ways to leave a legacy
- Cash or Securities
- Life Insurance
- RRSPs or RRIFs (often a great tax advantage)
- Charitable remainder trusts
- Residual interest
- A gift in memory or honour of a loved one
- Real estate
- Special occasion giving: to mark a wedding, anniversary or birthday, as well as religious holidays where gifts are typically given
I thought only people at certain income levels could leave a charitable bequest or gift through their estate?
You don’t necessarily have to be “wealthy” to plan a gift. Anyone can arrange to leave a charitable gift from their estate, regardless of its size. Even the smallest of gifts can mean a great deal to VOKRA
Who can help me arrange a gift to VOKRA?
Your financial planner, lawyer, accountant or life insurance agent can help you leave a gift. These professionals can tell you all about tax benefits of planned gifts.
How do I leave a gift in memory of a person or for a specific purpose?
A charitable gift is a meaningful way to recognize someone who has made a difference in your life. You may also want to give to a specific cause, such as our Operations Centre, veterinarian bills or Trap-Neuter-Return program. These kinds of memorial gifts can be arranged in your will. You will need to specify the gift be given in memory of a particular person or for a specific use.
Do I have to include my wish to leave a gift to VOKRA in my will?
A charitable bequest will not take effect unless you state your intention in your will. Without a will, you lose control over your property after death. Your property and finances are settled according to federal and provincial laws, whether or not they coincide with your wishes or those of your family.
Do I tell VOKRA that I am leaving a gift?
That is up to you. VOKRA would like to know in advance so we can recognize your generosity. VOKRA can also tell you about opportunities for giving for a specific purpose. If you wish your gift to remain anonymous, your request will be honoured.