$800,000 in Estate Taxes saved Legacy created!

$800,000 in Estate Taxes saved and a Legacy created!

Strategy #1: Life Insurance Policy Owned Personally, Tax Savings Later

Use the Canada Pension Plan benefits to pay the premiums on a joint-and-last-to-die life insurance policy for $1.6 million. Beth Rivkah Academy for Girls, as beneficiary, will receive the insurance payout on the death of the second spouse. The estate will receive a donation receipt for $1.6 million, and save the family about $800,000 in taxes. 


Strategy #2: Life Insurance Policy Owned by Beth Rivkah Academy, Tax Savings Now

As above, create a charitable gift of $1.6 million using joint-and-last-to-die life insurance, this time with Beth Rivkah Academy as the owner and beneficiary of the policy.

Use the Canada Pension Plan benefit to pay the policy premiums and receive an annual charitable donation receipt of $25,000, mitigating the tax payable on the pension benefit and replacing it with a large gift.

Leave an eternal LEGACY to Beth Rivkah Academy, The Montreal Jewish Community Girls School

For more information on planned giving, contact: Mendy Rosenfeld 514 583 4133 [email protected]


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