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Wilfrid Laurier University Development
February 10, 2016
Canadian Excellence

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.

For more information, please contact:

Cec Joyal ‘86
Development Officer
Individual and Planned Giving
(519) 884-0710 Ext 3864

Return to "Create your plan" page