Gifts of annuities
Maximize your income, minimize your taxes
Fulfill your philanthropic and personal financial goals and give an immediate gift to Laurier with a charitable annuity.
An annuity is a contract that pays you a specific sum of money monthly, quarterly, semi-annually or annually for a lump sum deposit. Payment terms can vary from a few years to a lifetime.
Only a portion of the annual annuity income is taxable. Therefore you gain more disposable income through an annuity than you would through a guaranteed investment certificate.
A tax receipt is issued in the year your gift is made for the portion of the annuity that Revenue Canada considers to be an outright gift.
Upon your death, and/or that of another beneficiary, the university can use the remaining principal as outlined in the annuity agreement.