Charitable Gift Program
The RBC Charitable Gift Program allows you to easily support the causes that matter to you, while potentially benefiting from significant tax benefits. It has been specifically designed for individuals and families who wish to give back without incurring the costs associated with establishing a private foundation.
Through this innovative program, you make an initial contribution to a charitable giving program run by Charitable Gift Funds Canada Foundation (CFWBC), one of the largest independent charitable foundations in Canada. As the largest donor of your charitable giving fund, you provide grants to the charities of your choice. As a result, you will receive an official receipt for the amount of the initial contribution. The use of this amount for tax deductions may be spread over a period of 5 years. In addition, as in the case of a private foundation, you give your fund an exclusive name that reflects your family's legacy.
For more information on creating a charitable fund or starting the process, please contact us today.
