Legacy Gifts

Legacy Gifts

 

Legacy gifts are one way you can make a lasting difference and bring Christ's vital message of compassion and hope to others. You can use it to celebrate the memory of a friend or loved one, or direct your gift to the church's mission that is most meaningful to you. Through careful planning, your gift can help sustain the important work of the church and also provide you and your estate with valuable tax benefits. Any gifts should specifically mention how the funds should be used (general church operations or a special fund). You should also check with your professional financial advisors. 

 

Bequest -  A gift in your will can be a specific amount of money, a percentage of your estate, a property, or another asset.  Your estate enjoys the tax benefits from the gift.

Life Insurance - can be used to make a gift to the church in a way that allows you to make small contributions while you are living and provide a substantial fund to the church upon your death.

Investments - The cost of making a gift using stocks, mutual funds or other securities can be less than if you made a gift of the same amount using cash. You don’t pay capital gains tax and you get a charitable tax receipt for the current market value. 

RRSPs, RRIFs, and TFSAs -  If you make Christ First the beneficiary of the proceeds of any registered fund, the church will issue a charitable tax receipt for the full amount of the gift.  For RRSPs and RRIFs, it will have considerable tax benefits for your estate that will significantly offset the amount of your gift.

 

Your ongoing donations to fund our expenses and wider work in the community are much appreciated.