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You can name Cystic Fibrosis Canada as the direct beneficiary of your registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) and/or pension plan. By describing Cystic Fibrosis Canada as the direct beneficiary trust assets will not be subject to probate fees as your RRSP/RRIF exists outside of the estate settlement process. This is a popular way to offset taxes owing on funds at the time of death.
Simply name Cystic Fibrosis Canada as a direct beneficiary on the plan document and advise the institution holding your retirement account of the change and please advise Cystic Fibrosis Canada of your decision.
For more information, please contact Sarah Asgari at email@example.com or 1-800-378-2233 ext. 304.
Please seen legal and/or financial advice from a professional. The information provided on this web site is general in nature and is not intended as legal or tax advice. Cystic Fibrosis Canada can help you realize your wish to support cystic fibrosis research and care in Canada by working with you and your financial and/or legal professional advisors.