If you're 70 or over, you can create an important legacy through a charitable remainder trust. With a CRT, you keep the benefit of an asset, but transfer formal ownership to CNIB, enabling you to enjoy your assets while making a lasting difference for future generations.
Creating a CRT can be complicated and it isn't for everyone. But for people in the right situation, it can reap great rewards. You’ll receive a charitable tax receipt for your donation. Plus, your gift won't be subject to probate. You can feel good knowing your legacy gift will make a profound difference for CNIB and our clients for a long time to come.
Things to consider before making a charitable remainder trust:
- A CRT cannot be changed or reversed, so we recommend you seek independent financial advice before making your decision.
- The amount of the tax benefit from your CRT is determined by several factors. Our team can work with you and answer any questions.
Make a CRT
CNIB is here to help you achieve your charitable goals. To make a CRT, you will need a lawyer or financial advisor. CNIB is happy to help prepare you for these meetings so you can have a smooth CRT experience. If you don’t have a lawyer or financial advisor, we can help you find an experienced professional in your area.