Personal - Charitable Giving TOLCO Financial $trategies   Our Company Business Personal Tool Kit About Us Profiles Privacy Policy Code of Ethics Legal Disclaimer Group Health & Dental Plans Group Savings Plans Health Spending Accounts Buy / Sell Protection Key Person Protection Executive Compensation Succession Planning Financial Planning Life Insurance Disability Insurance Critical Illness Insurance Long Term Care Insurance Charitable Giving Calculators Links Downloads Forms Contact Us Erven Planning Inc. Westmount Group Inc. Personal: The primary goal for TOLCO is to help you reach your financial goals. Saturday, 5 July 2025 16:32:24 Charitable Giving... Charity versus the Tax Man It is always a good thing to donate to charities in order to help people that are less fortunate than us. But, what if we could show you a way to make a significant donation to your favorite charity and have the income tax man pay for the entire amount? There are 3 ways you can deal with any remaining registered savings upon your death: Do nothing. The tax man will take 39% of your registered savings. Insure the income tax. Pay the income tax payable with life insurance so your heirs will receive the full value of your registered savings. Charitable Giving. Using life insurance proceeds, make a charitable donation equal to the full value of your registered savings. Your heirs receive the full value of your registered savings and the tax man RECEIVES NOTHING!

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