The charitable gift annuity is a popular planned giving instrument for elder Canadians, as it allows a person to make a significant contribution, while maintaining financial security .

There are many benefits of a gift annuity:

• A gift annuity allows you to make a significant gift, yet still enjoy the income from that gift;
• A gift annuity frees you from investment and management worries;
• Payments are fixed for your lifespan and, depending upon age, much of theincome may be tax-free;
• An immediate tax receipt is available for a portion of the gift;
• You may make an annuity gift for as little as $10,000 and may add future gifts anytime; and,
• You may name your spouse as a joint survivor and the payments will continue for as long as either lives.

What Are Gift Annuities?

(Also known as Gift Plus Annuities)

A gift annuity allows a donor to make a gift, in most c...