Legacy Giving
Gifts of Securities
Giving a gift of appreciated securities provides significant tax advantages for you. The Canada Revenue Agency web site says that donations of shares, mutual funds, bonds and certain other publicly trades securities will result in a zero inclusion rate for capital gains. This means you do not have to pay tax on the donated securities, and can benefit from an income tax receipt that will reduce your other taxes payable.
If you wish to donate securities to Word of Life Canada please use the form provided here and have your broker send the form to Word of Life and the donated securities to our account at BMO Investorline.
Wills and Estate Planning
We have partnered with Advisors with Purpose, a Christian financial planning organization, to provide free, no obligation estate plans and will reviews. Please review the materials on this page and contact Advisors with Purpose if you wish to avail yourself of this opportunity.
October 24, 2023, 8 pm Eastern
Speakers: Lorne & Mary Lynn
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Estate Planning – Giving you Peace of Mind
When it comes to all the to-dos in our life, getting our things in order and creating a Will tends to be one of the things we put off until another day. There are many reasons why we procrastinate, but we are often worried about some difficult decisions to make, and we aren’t sure where to go for help. When asked, people stated ‘Peace of Mind’ as the first benefit of completing their Will and Estate Plan. The satisfaction of knowing that a plan is in place, your Will is well designed, you have taken care of your loved ones, the hard decisions are made, and your Will reflects your goals and values can put your heart and mind at ease.
We invite you to join our partners at Advisors with Purpose for this one-hour webinar hosted by Lorne Jackson and Mary Lynn Huizinga. They will discuss several situations and topics of concern to many people and how you can plan well for them.
November 28th, 2023, 8 pm Eastern
Speaker: Abraham Somavarapha
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Estate Planning for Millennials: What You Need to Know
In the busyness of life, navigating the complexities of estate planning doesn’t seem like a priority. Still, if you have a family, a home, or savings, it is essential to have a plan and Will in place to protect your loved ones and safeguard your assets. Our expert advice and actionable tips will help you plan well and avoid common pitfalls affecting millennials. So why wait? Please join us for this 45-minute webinar hosted by our partners at Advisors with Purpose. With Abraham at the helm, you can expect an entertaining and informative session that won’t put you to sleep. So what are you waiting for?
January 23, 2024, 3 pm Eastern
Speaker: Lorne Jackson
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Estate Planning for Retirees: What You Need to Know
Nearly 60% of families have done little to no planning, but it’s not too late to set up a plan. You may or may not have a Will, but is it up-to-date and complete? Have you chosen a good executor, and are they prepared for the job? Have you considered options for transferring your assets to your children or heirs in a way that is best for both of you? Have you considered the tax implications of registered assets and plan for those? Have you considered leaving charitable gifts in your Will? Have you spoken to your family about your choices, and do they know your wishes? Our partners at Advisors with Purpose are hosting a 45-minute webinar for those who are retired and want to make sure they have everything in place so they can live fully without the worry of those critical decisions having to be made.
February 4th, 2024, 8 pm Eastern
Speaker: Jan Kupecz
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Navigating A Debt-Ridden World
You are invited to join us for a webinar from our partners at Advisors with Purpose that will look at how to successfully navigate a financial system based on debt. In particular, we will look at personal and consumer debt: when it might be necessary, how to know when and what to do when it becomes unsustainable, and how we can manage our finances and still be faithful stewards. The financial systems intended to help can actually bring you further into debt, but there are solutions, and there is hope.
February 27, 2024, 8 pm Eastern
Speaker: Mary Lynn Huizinga
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Estate Planning: Preparing for Unexpected Challenges and Disruptions in Your Family
In today’s fast-paced world, it’s easy to feel overwhelmed and uncertain about the future. Family dynamics can be challenging and complex. As family members interact with each other over time, they develop unique personalities, expectations, and communication styles. This can lead to conflicts and misunderstandings, especially during stress or change. Our partners at Advisors with Purpose are hosting a 45-minute webinar for those dealing or anticipating conflict in the planning of their Wills. Join us to learn how to mitigate any unforeseen challenges and create a plan that not only avoids conflict but perhaps encourages harmony.
March 26, 2024, 7 pm Eastern
Speaker: Lorne Jackson
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Estate Planning with a Kingdom Mindset: How to Leave a Legacy that Reflects Your Faith and Values
Have you ever wondered how to align your faith and values in your Will or how to leave a legacy that makes a difference? It is possible. Our partners at Advisors with Purpose are hosting a 45-minute webinar that will help you consider how to plan a Will that looks after your loved ones, supports the charities you believe in, and communicates your faith and goals to those you leave behind.
April 23, 2024, 8 pm Eastern
Speaker: Ray Borg
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Aligning Your Financial Goals with Your Spiritual Goals
Are you struggling to align your financial and spiritual goals? Whether you want to reduce financial stress or cultivate a deeper understanding of biblical financial principles, this webinar is for you. In this webinar, hosted by our partners at Advisors with Purpose, you’ll learn about the relationship between faith and finances and the importance of prayer, discernment, and godly wisdom when establishing and following your financial objectives.
May 21, 2024, 8 pm Eastern
Speaker: Jan Kupecz
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Estate Planning – What Women Need to Know
Planning your Will requires individual strategies depending on your life, your family, your finances, and your priorities. For women, it is vital that they understand the special considerations for them. Our partners are hosting this webinar specifically for women to discuss the questions and concerns affecting them and their families and help them shape their own legacies.
June 12, 2024, 8 pm Eastern
Speaker: Chantel Gibbs
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Planning Well for Your Business
What are the specific planning items for business owners, and why is it essential to have a plan? This might include a shareholder agreement to address the death, disability, dispute, divorce, or departure of a shareholder. It might include thinking through an exit plan ahead of time. Are there potential buyers of the shares, or will the business be wound up on death or retirement? A plan is critical. Our partners at Advisors with Purpose are hosting a webinar to help you better understand the options and processes.
June 24, 2024, 8 pm Eastern
Speaker: Bold Kere
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Will Planning for New Canadians
Navigating Wills and Estates can be challenging for everyone. It can be complicated if you are new to Canada and are less familiar with the terminology and the requirements. We’d like to invite you to join us for a webinar hosted by Advisors with Purpose that will help you better understand and plan for your Will with special consideration to those who are first-generation Canadians.
Charitable Gift Annuities
We have partnered with Link Charity Canada Inc. to make this giving option available to you. If you are planning to give a gift to your favourite charities after your death but could benefit from a tax donation receipt now and would like to receive a tax free income for the rest of your life this is an option for you to consider.
The benefits of a charitable gift annuity include an immediate donation receipt for at least 20% of the amount of the annuity capital; removing the amount of the annuity capital from your estate so less probate tax on your estate; in most cases, for people over age 72, a tax free income of at least 4% compared to a taxable income of less than 2% for money invested in GIC’s; and a lasting benefit to the charities of your choice when you have passed. If you are interested in learning more about this please visit www.linkcharity.ca for more information.