Published: March 26, 2020
Last Updated: May 1, 2020
Name your estate rather than a charity as an RRSP or RRIF beneficiary otherwise no tax credit will be available to offset the Canadian income tax your estate will have to pay for the amount of the donation. By leaving instructions in your will that the money should be transferred to one or more named charities you will ensure that your estate gets the benefit of the tax credit for your donation.
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