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 cases receive a generous charitable tax receipt and receive an annual tax-free payment, an annuitant, for th...