RRSP and RRIF FundsNaming UBC as a beneficiary of your RRSPs and RRIFs means all or a portion of these assets can now be left directly to UBC upon your death without having to pass through your estate. This arrangement means that no probate fees are payable on these assets. In most cases, the taxes owing on your donated RRSPs or RRIFs at death are offset by the charitable tax credits generated by your donation. Donations of this type are a great way to reduce the substantial deferred tax burden that many RRSP and RRIF plans carry.
For more information about giving RRSPs and RRIFs to UBC, please contact: