Charitable giving

Wealth planning

Make a difference for the causes and organizations you care about. Discover how a structured plan for charitable giving can encompass your values and complement your wealth planning.

Charitable giving can be a powerful way for you to create an impact for the causes that matter to you. It can also be a great financial tool as part of tax management and estate planning. An RBC Wealth Management advisor can help you include charitable giving as part of your overall wealth plans.

By including philanthropy and structured charitable giving in the wealth planning process, you can make a meaningful difference for your favourite causes or organizations today, tomorrow and well into the future.

Philanthropic advisory services

Supporting your advisor is RBC Wealth Management’s philanthropic advisory services team, a group of professionals with years of experience in philanthropic planning and the charitable sector. The team works closely with your advisor to identify strategies and solutions to align your charitable giving intentions with your wealth planning objectives and goals.

Define your giving plan

Giving back to the causes or organizations that are meaningful to you can be an integral part of your wealth planning. With you, or you and your family, we can help you define and fulfill your charitable objectives as part of your overall plans.

We’ll help guide you through options and strategies that may be suitable and offer potential tax advantages as part of your charitable giving. Whether during your lifetime or as part of your estate planning or wealth transfer, options may include:

  • Donation of appreciated securities
  • Donation of non-cash gifts
  • Charitable gift fund/donor-advised fund
  • Charitable bequests in a Will
  • Naming a registered charity as the beneficiary of certain plans and policies
  • Private foundation

While supporting your philanthropic passions, your trusted advisor will work alongside your qualified tax and legal professionals to ensure your circumstances are properly considered and the planning best suits your goals and objectives.

The RBC Charitable Gift Program (CGP)

This program is specifically designed for individuals and families who want to support charitable causes in a meaningful way, without the time and costs associated with establishing a private foundation. The RBC CGP provides an efficient way to give during your lifetime and/or from your estate that combines immediate tax benefits with the flexibility to support your favourite charities over time and across generations.

Through this program, you donate to an individual charitable gift fund, which you can name. The fund is managed by your RBC advisor and administered by Charitable Gift Funds Canada Foundation. With your RBC advisor, you determine the timing of donations, which asset and how much to donate over time, in alignment with your financial plans. Learn more about the RBC CGP.

Create your family legacy

For your family, philanthropic endeavours and charitable giving may involve multiple generations. Your advisor can work with the entire family to incorporate giving in a way that’s personalized for your goals and values, and that can evolve over time. This provides an opportunity to engage family members of all ages—and can help build and extend charitable values across generations.

Make a lasting difference

Include a giving strategy in your plans with help from an RBC Wealth Management advisor.

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