Making a Gift: Legacy Giving
RRSPs and RRIFs
RRSPs are a smart way to save for retirement and a tax smart way to help ensure the best academic resources are available for students at the University of St. Michael's College.
Ed Curtis graduated from SMC in 2003 and is now studying at St. Augustine’s Seminary. At St. Mike's he came to discern his call to the priesthood.“ Without the Christianity and Culture Program, I don’t know where I’d be.”
Name St. Michael's College as a beneficiary of an RRSP or RRIF
- You retain use of the fund during your lifetime and the remainder is transferred to St. Michael’s upon your death.
- A charitable donation for the full value of the gift will offset 100% of the taxes owed and any excess donation credits can be carried back to the previous tax year.
- The gift passes outside of the estate and there is no probate fee involved.
St. Michael's College, U of T