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Give a Gift

If you would like more information about arranging charitable gifts with the Canadian Mental Health Association, National, please contact Teresa Gerner by e-mail at

Gifts of Life Insurance

There are many benefits to donating a life insurance policy to CMHA, National:

  • You can leverage a small investment into a much larger legacy.
  • By buying a new life insurance policy and naming the Canadian Mental Health Association, National as owner and beneficiary, you’ll be issued tax receipts for the premiums you pay.
  • Unlike a Will, a life insurance policy cannot be contested.
  • If you have an existing whole life or universal life policy that you no longer need, you can transfer the ownership and beneficiary designation to the Canadian Mental Health Association, National and get a tax receipt for the fair market value (determined by an actuary at the time of donation), plus for any future premiums you pay.

Gifts of Annuities

Charitable Gift Annuities are life-insurance instruments and contracts that can be drawn between you and the Canadian Mental Health Association, National by which you transfer cash or assets in exchange for a fixed, guaranteed payment for life, that can be largely or entirely tax-free. Within this arrangement, you would be able to purchase an annuity contract through and insurance company that works in conjunction with CMHA, National so that payments can begin immediately to provide current income or can be deferred to a later date. Charitable gift annuities can be appealing to those aged 70 and over who are more concerned about financial security than income growth.

Gifts of Remainder Trust

A trust is a legal agreement that specifies how assets placed under the trust will be managed by an assigned trustee. A charitable remainder trust is an effective way to provide you with an income for life and know that after your lifetime, the property remaining in the trust will be used by the Canadian Mental Health Association, National. This is a deferred gift, which means that the proceeds from a gift commitment made now will be realized by the Canadian Mental Health Association, National sometime in the future.

Entering into a charitable remainder trust agreement with the Canadian Mental Health Association simply means that you leave a capital donation to the CMHA while you are still alive. The trustee pays regular income to you and/or other beneficiaries you name from the trust for life or for a term of years. When the trust terminates, the trustee pays out the remaining trust assets to the Canadian Mental Health Association, National.

Gifts of RRSPs and RRIFs

You may name the Canadian Mental Health Association, National as a direct beneficiary of your Registered Retirement Savings Plans (RRSP) or Registered Retirement Income fund (RRIF).

If the beneficiary of your RRSP is someone other than your spouse, common law partner, a financially dependent child or grandchild, the proceeds of the RRSP will be taxed as ordinary income in your estate. However, if you name CMHA, National, the total amount of the RRSP (or designated portion) will be given directly to CMHA, National and will not be subject to probate. Your estate will receive a charitable donation tax receipt for the total amount that has been gifted through your RRSP.

Thus by using your RRSP or RRIF to make a bequest to the Canadian Mental Health Association, National, you can maximize the value of your estate. If you have already named a beneficiary of your RRSP but would like to include or change the beneficiary to the Canadian Mental Health Association, National, simply call your financial advisor or financial institution and ask to change the beneficiary designation.

The above information does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. CMHA, National encourages you to seek professional advice as you plan your estate.