This publication is a collaborative effort of the Waterloo-Wellington LEAVE A LEGACY™, a program of the Canadian Association of Gift Planners (CAGP-ACPDP™), to provide valuable information to the readers on planned gifting and charitable giving.

1. your guide to
intelligent philanthropy
Vol.2 No.2 May 2013 Philanthropy Issue
LEAVE A LEGACY™ WATERLOO-WELLINGTON
GIVE GENEROUSLY
Why Leave a Legacy ..........................4
Naming a Charity in
Your Will has Many Benefits ............7
Some Great Giving Options ..............8
Benefits of Leaving a
Gift of Life Insurance ........................10
Charitable Trusts ..............................11
“What If I don’t Have a Will” ............11
Gifts of Property ..............................14
Giving is Supported by Legislation..15
Why Your Will is Important ..............12
You Don’t Need A Million Dollars ....12
Building Better Business
by Generosity ....................................13
Charitable Directory..........................14

3. Leave a Legacy Chair Message Advocis President Message
This publication is a collaborative effort between the Golden
Triangle chapter of Advocis (The Financial Advisors Association
of Canada), the Waterloo-Wellington LEAVE A LEGACYTM , a
program of the Canadian Association of Gift Planners (CAGP-ACPDPTM)
and Exchange Magazine for Enterprise,
Entrepreneurhip, Economic Development and Education, to
provide valuable information to the readers on planned gifting
and charitable giving.
Advocis is the Financial Advisors Association of Canada, and
the largest volunteer association of its’ kind in Canada.
Nationally, Advocis has more than 11,000 members located in
40 chapters; here in the Waterloo-Wellington area alone are
close to 400 active members to provide you with knowledge
and experience in making financial planning decisions.
Advocis members have various specialties that include estate
and retirement planning, wealth management, risk
management, and tax planning. Members are focused on
understanding the financial goals that directly impact
Canadians and their families, they adhere to an established
professional code of conduct, standards of best practice, and
continuing education programs - all while maintaining
appropriate levels of professional liability insurance.
Should you choose to consider leaving a legacy, it is
important to give inheritance planning the
attention it deserves. In dealing with the
issue of how best to pass a lifetime of
accumulated wealth on to the next
generation, a full discussion should
touch on the numerous strategies
available to Canadian families today.
Leaving a legacy through charitable
gifting involves taking the time to
think and plan intentionally about
how a gift will be given, and for
what purpose. It is certainly an
important consideration as to
how to deal with your capital, and
how you may wish to redistribute
your wealth into the community to
support the work that is important
to you.
I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 3
When you leave a gift to a charity or not-for-profit
organization in your Will or estate plan, you are
guaranteeing that your gift will play an important role in a
cause or organization you believe in, and you ensure your
assets will continue to help others into the future. Without
a Will, your property and finances are settled according to
federal and provincial laws, which may not coincide with
your wishes.
With the trend of governments cutting funding, charities
need your support more than ever. This can leave you with
some tough decisions. LEAVE A LEGACYTM is a national
public awareness program that encourages Canadians from
all walks of life to make gifts through a Will, life insurance
or other gift planning instrument to the charitable
organizations of their choice. By doing so, you help not-for-profit
and charitable organizations sector continue to play
their absolutely essential roles in your community.
The Waterloo-Wellington LEAVE A LEGACYTM program
works hand in hand with professional advisors in
Will and estate planning, as well as with charities,
to encourage well planned and managed giving.
Across Canada there are 23 local LEAVE A
LEGACYTM committees that oversee the work of
educating the public. This grassroots
collaborative effort includes local
charitable organizations, professional
estate and financial planning
organizations, financial institutions,
community foundations, other
funders and the media which have
embraced the underlying principles
of philanthropy.
The LEAVE A LEGACYTM programs
goal is to raise awareness of the
importance of thoughtful, well planned,
tax preferred gifts and their impact on the
quality of life for everyone in our
communities. You can Make a Difference in
the Lives that Follow with just a little planning
today.
Darren Sweeney,
CFP, CHS Certified
Financial Planner® Professional
2013 LEAVE A LEGACY™
Waterloo-Wellington Chair
Patricia Ziegler,
MBA, FLMI, CHS, EPC,
ACS, ARA, AIAA
2013 Advocis Golden Triangle Chapter
President

4. L E G A C Y I N A C T I O N
Why Leave a Legacy?
The objective of the LEAVE A LEGACY program is to
heighten awareness of the importance of thoughtful,
well-planned, tax-preferred gifts and to underline their
impact on the quality of life for everyone in our communities.
This entire special publication is intended to answer the
question, “Why leave a legacy?” and here are some highlights:
To enrich people’s lives:
Each day, people are helped and lives are enriched by the
work of registered charities and foundations, and other not-for-
profit organizations in our communities. Meals for isolated
seniors, summer jobs for disadvantaged high school students,
funding for mental health or cancer research or a live
performance by a local arts organization are just some of the
ways not-for-profit organizations improve all of our lives.
Canadians give to charities and not-for-profits for many
different reasons. For some, it is a way to ensure their memory
lives on. For many, it’s a means to ensure that their favourite
charity is able to continue its important work. And for others,
it represents a solution to the tax implications that come with
the transfer of one’s estate to surviving relatives.
To provide support:
Our important charitable and not-for-profit organizations
rely on our help; financial assistance is essential to support
and sustain charitable work. Many people generously share
their money, time and energy with local not-for-profit
organizations. And yet many people seem unaware that by
leaving a gift in their Will or estate plan to the charitable
groups of their choice, they can continue to help people in
need or promote a favourite cause.
We wish more funding were available for medical research,
for homeless shelters, or for a treasured arts or music
program. Charitable organizations need financial assistance
from people just like you, to continue their work. By making
4 | w w w . e x c h a n g e m a g a z i n e . c o m
bequests and other
planned gifts, you
can continue to help
organizations that
are making an
important difference in
your community. What better
way to thank the people or organizations
that have had an impact on your life, than to make
a contribution from your estate through a bequest in your Will?
To leave a memory:
Choosing to leave a gift from the heart adds meaning,
dignity and purpose to a life well lived. Your gift is your
opportunity to participate in the charitable and community
work most meaningful to you, in a way that allows these
important causes to be well supported both now, and long
after you have gone. Personal philanthropy through a Will can
be an impactful way to ensure that your memory lives on.
Surprisingly, a gift can also be a very practical addition to a
financial or estate plan when tax issues are taken into
consideration – even for those who think they may not have
tax issues. In most cases, the tax burden left to relatives is
lifted significantly.
Your professional advisor can teach you how leaving a
planned gift can actually benefit your family after you’re gone.
Together we can make a difference – the difference, these
days, is that you can impact the causes you care about by
including them in your Will or estate plan.
To contribute to the future:
Personal philanthropy can ensure the sustainability of a not-for-
profit organization or charity of your choice. In life, many of
us require some kind of assistance, whether it’s physical,
financial or spiritual. Perhaps a local organization or charity
has a special place in your heart. It may be that you were given
a scholarship that made the dream of
college possible. You or a loved one may
have been shown especially
compassionate care in the hospital
during an illness or injury. It is during
life’s many trials when we are reminded
that more could be done to continue
personal philanthropy which supports
humane acts of kindness and help
uphold programs for personal
enrichment. By leaving a gift that lives
out your legacy, you are making a
significant contribution to the future
sustainability of those charitable
organizations that you value most.

5. Charitable giving leaves
a lasting impression
A legacy plan can help give back. Know your options.
Meaghan Pitcher*
Client Care
Representative
I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 5
Tawnya Swartzentruber
Reception/Office Assistant
Cathy Christoff*
Wealth Administrator
*Mutual funds offered by Sun Life Financial Investment Services (Canada) Inc.
The advisors at Century Group Financial Solutions Inc. are contracted with Sun Life Financial Distributers (Canada) Inc.
a member of the Sun Life Financial group of companies.
© Sun Life Assurance Company of Canada, 2013.
Mary Norman
Office Manager
Holly Caetano
Manager - Business
Development
Kari Hilton*
Licensed Assistant
Arlene Paul*
Wealth Assistant
John Beynon*
CFP® CLU CH.F.C.
Matt Wilhelm*
FLMI CFP® FMA
Christopher Annett*
CHS
Peter Stern*
BA FLMI CFP®
Robert Wilson*
CHS
Chris Moore*
BAS CFP®
Century Group Financial Solutions Inc.
508 Riverbend Drive, Suite 102, Kitchener ON N2K 3S2
Bus 519-747-0058 Toll free 1-866-950-LIFE (5433)
centurygroupfinancialsolutions.com centurygroup@sunlife.com
Sarah Ramon
Reception, Client
Service
Linda Serbu
Administrative/
Marketing Assistant
Michelle Karn
Office Assistant
Heather Kersell*
CFP® CLU CHS FDS
Courtney Proudfoot*
BA GBA
Julie Hoo*
B.Comm
Natalie Lacroix*
Sales Associate Advisor

6. A Child’s
Best Friend
Safety, Independence and Companionship
A child and his best friend
Ad sponsors:
• Peter Willwerth, Desjardins Financial,
Security Independent Network
•In memory of Kendra’s supporters;
Grandpa Joe, Jim Nickling
and Doug Memmott.
1488 2nd Concession Road West Lynden, Ontario L0R 1T0
519-721-1068 | www.autismdogservices.ca
I helped ADS bring Kendra and her service dog together. I
assist families and corporations support worthy causes
through prudent and efficient estate and succession
planning. I help families multiply their contributions to make
this world a better place.
Jesse MacDonald, BA M.Ed
Life and Health Insurance Advisor
675 Queen St. South Box 230, Suite 615
Kitchener, ON N2M 1A1
TEL: 519-732-8980
email: jesse.macdonald@dfsin.ca
www.jessemacdonaldinsurance.com
Kendra and Jasper

7. Naming aCharity
HasManyBenefits
I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 7
The simplest way for you to leave a charitable legacy is by
putting a charity in your Will . Naming a charitable
beneficiary means that you will be remembered after your
death for the values that you emphasized during your lifetime.
You will feel good, now, knowing that you will be making a
significant and lasting difference to causes you care about.
There are some options for you: your charitable gift(s) can be
in the form of a fixed amount or can be a percentage of what
is left after tax and other costs have been paid. If your
beneficiary is a registered charity, your estate will receive a
charitable gift receipt in the amount of your gift, which will
offset taxes owing on your estate. The charitable tax receipt
can be applied up to 100% in the year of death and in addition,
carried back one year.
Some people express concern that heirs will receive less if
charity is named in a Will. In fact, when thinking about
preparing a Will, most individuals divide their estate among
their immediate family. They want to be sure that they can
provide for the needs of their loved ones. But what people may
not consider are the possible tax consequences of this
decision.
Your family and others who depend on you should always
come first. However, because tax is almost always owing in an
estate, through income and/or capital gain, a charitable
receipt can offset tax owing and quite simply re-direct some or
all of the money in the estate that would go to tax. Ask yourself,
if you had a choice to give a portion of your estate to the
government in tax or leave a gift to a
charity which one would you prefer? The
answer is probably obvious, but it might
still be difficult to know how to make the
gift a reality.
Your advisor(s) can help you to decide
if this is best for you. It is recommended
when drawing up your Will, you consult a legal advisor who can
ensure your final wishes are met. As well, it is recommended
that you consult with family members so they are involved in
your legacy decisions.
Here’s an example of a win-win scenario (often referred to as
“The Charity Child”, since the plan involves treating a charity or
charities as an additional heir):
Through careful estate planning, a family with three children
divides their estate into quarters, leaving the last quarter to go
to not-for-profits or charities that have touched their lives.
Upon the passing of both parents, the Will outlines that each
child will receive one quarter of their parents’ estate. The fourth
quarter is dedicated to the Charity Child and directed to the
causes that are dearest to their hearts.
By placing a charitable bequest in one’s Will, the estate will
benefit and receive a charitable tax receipt for the gift. This will
help to offset any taxes payable to the government. The
children will still receive the portion of the estate generously
left for them as well. It is also also very important that the
children can
celebrate their
parents’ legacy of
making a difference
in the community,
through their
philanthropic
dreams.
Editorial Committee and Contributors:
• Darren Sweeney, Certified Financial Planner, Professional
darren@darrensweeney.ca
• Gillian Flanagan, KidsAbility Foundation, Development Officer
gflanagan@kidsability.ca
• Sharon McKay-Todd, University of Waterloo, Associate Director, Planned Giving
smckayto@uwaterloo.ca
• Jesse MacDonald, Desjardins, Financial Security Life Health Insurance Advisor
jesse.macdonald@dfsin.ca
• Jon Rohr, Exchange Magazine for Business, Publisher
jon.rohr@exchangemagazine.com
• Paul Knowles, Exchange Magazine for Business, Editor
paul.knowles@exchangemagazine.com
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Cover Artwork by Taylor Rohr
Copyright 2013

8. L E G A C Y I N A C T I O N
Some Great Giving Options
Legacy planners encourage people planning their legacy to
think outside the traditional box. There are many options
when it comes to giving a gift that will make an ongoing
difference. For example:
Gifts of Securities: Gifts of securities receive favorable tax
treatment. The Canadian federal government has eliminated
capital gains tax on listed stocks when transferred directly to
registered charities. These can be in the form of publicly
traded stocks in Canada and major international exchanges,
mutual funds, bonds or futures. You will receive a charitable
Selling Shares on the Donating
Market Donating Cash Shares
receipt for the market value of the securities, just as though you
had donated cash. When combined with the charitable receipt
for the value of the securities, this provides a great deal of tax
benefit to you, the donor, while giving support to the work of a
charity that you value.
One example: if instead of cash, you transfer your shares now
worth $20,000 directly to the charity, you will not have to pay tax
on your gain. You will also receive a $20,000 charitable receipt to
apply against your taxes.
RRSPs RRIFs: RRSPs and RRIFs can be “your other best
friend”. Naming the charity of your choice as the partial or full
8 | w w w . e x c h a n g e m a g a z i n e . c o m
beneficiary of your RRSP or
RRIF is one of the most tax
effective ways to leave a legacy.
This is because RRSPs and RRIFs
are among the most highly taxed
assets in your estate; hence, the
charitable tax receipt offsets any
taxes owing against your estate.
This example is only for illustration purposes. The tax impact will
At death, RRSPs
depend on individual donors’ circumstances. *Donation tax
and RRIFs are treated
credits may be carried forward for the next five years.
as if they have been
cashed all at once and are added to income in the year of death.
For example, this could mean that an income of $35,000 in the
year of death could become an income of $135,000, if there is
$100,000 in RRSP or RRIF income added. The income would be
taxed at the highest tax level, in many cases, directing
approximately half the RRSP or RRIF to taxation. A charitable
receipt can be applied up to 100% in the year of death and in
addition, can be carried back one year.
Gifts of Property: Again, there are creative options – you can
choose to make a gift of property outright;
or you may irrevocably assign ownership
and receive the tax benefits now while
enjoying the use of the property for your
lifetime. You will have the satisfaction of
knowing that the sale of the property now
or eventually, will provide funds to support
the work of your charity. Houses, cottages,
commercial buildings and land, jewelry,
antiques, art and vehicles are examples of
personal property that can be used to
make a significant contribution. Because
all property has a cash value, the donor is
entitled to a tax receipt for the full market
value of the property.
Fair market value of shares $100,000 $100,000
Cost of shares $20,000 $20,000
Capital gains realized $80,000 $80,000
Taxable capital gain $40,000 (50%) $0
Taxes payable (assume 46%) $18,400 $0
Tax credit* (assume Ontario resident) $46,000 $46,000
Net tax reduction $27,600 $46,000

9. How to
LEAVE A
LEGACY
There are many ways to leave a
gift to a not-for-profit or charity
that has touched your life; one of
these options is very likely to be
the idea method for you, and you
can learn more about them in this
special Leave a Legacy feature:
• Leave a Gift in your Will
• Gifts of Life Insurance
• Gifts of RRSPs or RRIFs
• Gifts of Charitable
Remainder Trusts
• Gifts of Securities
• Gifts of Property
Golden Triangle
1655*/(PROFESSIONAL
STANDARDS '*345
The Golden Triangle riangle chapter
is proud oud to be part of
Advocis,
the oldest and largest pr
professional association of !
nancial
advisors and planners in Canada.
Advocis members provide pr
ovide advice and
expertise in a number of areas, ar
eas, including:
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Advocis members meet ongoing professional pr
ofessional development
requirements, ements, put their clients’ clients’’ interests inter
!rst, and adher
adhere to a
code of professional ofessional conduct.
Advocis advisors and planners put
professional ofessional standar
standards !rst.
To !nd an Advocis advisor or planner in your area, go to
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5IF'JOBODJBMEWJTPSTTTPDJBUJPOPG$BOBEB
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advisors and planners in Canada, with more than 11,000
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advocis.caBOEDMJDLPOUIFi'JOEBOBEWJTPSwCVUUPO
oldest and largest voluntary membership association of
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advisors and planners in 40 chapters.
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e I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 9
For more information,
resources or to speak to an
advisor please visit
www.advocis.ca.

10. L E G A C Y I N A C T I O N
Benefits of Leaving a
Gift of Life Insurance
One creative and effective way of making a charitable
impact is through a gift of life insurance. There are a
variety of beneficial options available. For example, one
potential application of life insurance is through fully paid up
policies. If you have a fully paid up life insurance policy that
has value but is no longer needed, you can realize a charitable
receipt in the fair market value of the policy that can be applied
for current tax relief.
Life insurance can be powerful ally in increasing the value of
an estate. Through a series of smaller payments during your
lifetime, you can make a large
charitable gift at the end of life. This is
accomplished through the magic of
leveraging.
For new policies, or those that are
assigned before fully paid, the following
tax benefits are available:
a) If you name the charity as beneficiary
and irrevocable owner of the policy, you
will receive an annual tax receipt for the
full value of your payments that can be
applied against your present taxes. The
charity receives the money for its
charitable purposes on your death and
there is no charitable receipt to your
estate; or,
b) If you name the charity as beneficiary
and continue to own the policy, your
estate will benefit from the charitable
receipt on the value received at death.
A benefit to naming a charity directly
on your policy is that there is no need
for the gift to pass through probate. It
passes outside your estate, thereby
saving money in your estate, and the
gift is not subject to contest.
Life insurance can also be utilized as
wealth replacement. For instance, you
can replace the full value of a gift to
charity in your estate by taking out a life
insurance policy that will pay your
estate that same value on your death.
The charitable tax receipt received by
your estate for the value of your
charitable gift will reduce tax payable in
your estate. In this way you can: make a
significant charitable gift; reduce taxes
payable in your estate; and replace the
amount of your charitable gift to your
estate.
The world is
full of wonder.
JILLAINE YEE, A RECENT GRADUATE OF UNIVERSITY OF WATERLOO’S ENVIRONMENT
AND RESOURCE STUDIES, SWAM WITH SHARKS DURING A CO-OP WORK TERM AT
SCUBA WORLD IN QUEENSLAND, AUSTRALIA.
Your bequest can help future
generations discover a new
world of opportunities.
uwaterloo.ca/support/planned-giving
To find out how you can leave a legacy at Waterloo,
contact Sharon McKay-Todd at 519-888-4567, ext. 35413
or smckayto@uwaterloo.ca
OFFICE OF ADVANCEMENT
200 University Avenue West, Waterloo, ON, Canada N2L 3G1
C001476
10 | w w w . e x c h a n g e m a g a z i n e . c o m

11. CHARITABLE TRUSTS “WHAT IF I
DON’T HAVE A WILL?”
If you do not have a will, you are not alone. A 2012 survey
showed that 56% of Canadian adults do not have a will, and
that means they have surrendered control of what happens to
their estate, and may leave their survivors liable for significant
and immediate tax costs.
In Ontario, if an individual dies intestate – the legal term for
being without a will – with net property valued over $200,000,
and leaves a spouse and one child, the spouse receives a
preferential share of $200,000 and the net residue is divided
equally between spouse and child.
If there is a surviving spouse and more than one child, the
spouse receives the $200,000, as well as one third of the net
residue, the remainder divided among the children.
If there is no spouse or children, property goes to the parents
of the deceased; if both parents are deceased, net assets are
distributed equally to surviving siblings, or their surviving children.
These fixed rules may not represent your wishes; they preclude
any charitable donations from your estate, or any special
bequests you might want to leave to a specific person; and they
create the possibility of significant and unnecessary tax hits.
Not only do you need to have a will, you need to have the
financial advice and tax planning advice that will make that will
the effective document you want it to be.
I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 11
ACharitable Remainder Trust can provide you with income
for life; then, after your lifetime, the assets pass to the
charity for charitable work.
You receive immediate tax relief since a charitable receipt for
the remainder of the full market value is provided at the time
that the trust is
established.
Benefits include:
A trust can
• a steady income and immediate tax benefits
also be set up
• expert financial management
to provide
• allows you to make a significant gift
income for a
• avoids probate
surviving spouse
or other family member. In that case, the assets would pass to
the charity only after both spouses have died.
A charitable remainder trust can be funded with cash,
securities or real estate. Charitable remainder trusts are
irrevocable gifts. The donor is most times entitled to a charitable
receipt at the time that the trust is created, giving tax relief
during the donors lifetime. The receipt amount is based on the
present value of the remainder interest determined by the
remainder of the fair market value of the assets. The charitable
tax receipt is often within a range of 20-60% of the value of the
assets.
wlu.ca/giving
WILFRID LAURIER UNIVERSITY Waterloo | Brantford | Kitchener | Toronto
Q: Why give?
A: To help build
our future.
LEGACY DONORS MAKE
THE IMPOSSIBLE POSSIBLE.
Their lifelong commitment and generosity
provide vital building blocks for future
generations of Laurier students. Through
a planned gift, such as a charitable bequest
in your will or a gift of life insurance, you
can help cement Laurier’s continued success
for years to come. To learn how easy it is,
contact Cec Joyal, Development O! cer,
Individual Legacy Giving at cjoyal@wlu.ca
or call #$.%%.'(#' x)%*.
Thanks to a generous bequest from the estate of a Brantford chemist, students like
Abdikarim Osman will benefi t from the newly opened William Nikolaus Martin labs.

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ĐĞůĞďƌĂƟŶŐƚŚĞũŽLJƐŽĨĂŶĞǁůŝĨĞ͕
ŚŽŶŽƵƌŝŶŐƚŚĞĞŶĚŽĨůŝĨĞ͕
ĂŶĚƐŚĂƌŝŶŐĞǀĞƌLJŵŽŵĞŶƚŝŶďĞƚǁĞĞŶ͘͘͘
'ĞŶĞƌĂƟŽŶĂŌĞƌ'ĞŶĞƌĂƟŽŶ
GIVING IS SUPPORTED
BY LEGISLATION
The LEAVE A LEGACYTM goal of advancing philanthropy is
supported by legislation passed by the federal government.
By implementing laws that allow Canadians to claim donations
and other benefits in their taxes, the government encourages
an increase of gifts to charities from individuals and
corporations. Statistics Canada reports that, in 2011, 23% of
Canadians filling tax returns claimed a charitable donation.
These claims totaled $8.5 billion, a $.2 billion increase from
2010.
Significant tax incentives make gift planning even more
attractive, particularly for those gifts left in a Will. By making
it easier to leave a gift, the federal government – through its
beneficiary legislation – helps to promote the LEAVE A
LEGACY program message, and allows Canadians to continue
their rich history of giving.
WHY YOUR WILL IS
IMPORTANT
Your Will or testament guarantees that your property and
assets will be regulated according to your personal intentions.
Without a Will, there is no mechanism in place to make a
bequest. Here are some steps to take to ensure that your
wishes are followed:
1. Make a detailed list of your assets (financial, real estate,
vehicles, jewellery, collectibles, musical instruments, etc.).
2. Make a list of organizations or causes you would like to
support.
3. Set up an appointment with your professional advisor (i.e.
financial analyst, attorney, or planned giving officer) to discuss
your options. Your professional advisor can help you decide
which option(s) will work best for you and your family to
safeguard your wishes.
L E G A C Y I N A C T I O N
YOU DON’T NEED A MILLION DOLLARS
Marshall and Monica, are teachers in their forties; they live in Cambridge, Ontario. Each had a parent who had Alzheimer’s,
and they would like to give a significant sum to research into this terrible disease. But how?
By purchasing a joint, last-to-die life insurance policy for a million dollars, the beneficiary of which would be the registered
foundation of their choice, they could attain their goal by investing as little as $42,000, over ten years.
As both are non-smokers, the annual policy premium would be about $8,000 per year over ten years. After deducting the
46% tax credit*, the annual net cost is $4,300.
* This example is built with federal and Ontario tax credits. In this example, the donors’ annual incomes place them in the highest tax bracket.

13. A Planned Gift for Pennies
on the Dollar
Concerned people do a lot of homework to find cars with
I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 13
the best fuel efficiency, the most cost-effective cell
phone plans, and the best rate to fly south. But how
much homework do we do to minimize our income tax
liabilities and maximize the way we support our cherished
charities?
Everyone has fond memories of the services provided by a
service club or community institution. As a rational feeling we
may want to show our appreciation through a planned gift to
this organization and our family. Couples, who have saved a
significant pool of registered funds over their lives, often wish
to pass the funds along to their children on their deaths. Some
parents don’t need the funds to support their lifestyle and take
only minimums when RRIF withdrawal time comes around at
age 71.
Couples that do not plan well financially could face a huge
terminal tax bill on the passing of the surviving spouse. Or in
the unfortunate case where both partners die, they would also
be leaving a tax bill to their heirs – most often their own
children. In this situation a spouse with a taxable income of
$35,000 and $200,000 of registered funds will face a terminal
tax bill of over $100,000. This of course, deprives the children
and charity of part of their financial legacy.
The children will get about $100,000 ($200,000 pre-tax)
which means the couple paid $1 in income tax for each
equivilent $1 that their children receive - a one for one.
But, what if the parents purchased a life insurance policy
while in good health? With some forward thought, this could be
equal to the face value of the total registered funds that would
have been relized. If they further provide instructions in their
Will, to make charitable donations to deserving registered
charities equal to the residual funds left in the RRIF, then all
parties could be fairly financed.
Continuing with this situation, if the parents were able to
qualify for a life insurance policy, one that paid on the death of
the surviving spouse, and if this was done for between one to
two cents per dollar, that would be a good thing. Especially for
a couple in their late fifties or early sixties. Then, when the
couple passed away, their executor would make charitable
donations as directed by the Will and further submit the
charitable donation receipts to the Canada Revenue Agency,
which would then offset most of the terminal income taxes
payable as a result of the death.
As a result of prudent planning and the investment of a few
pennies per dollar the children received the entire $200,000
legacy their parents intended to leave, they fulfilled their
passion by supporting their chosen charities. and they were
able to minimize their terminal tax liability, which would be
payable by the estate - presumably their children.
Everyone likes to spend time and shop around for good value
in consumer products like televisions and clothes. Why not
invest the same amount of time in some financially rewarding
estate planning?

14. WATERLOO WELLINGTON CHARITABLE ORGANIZATIONS ROUND TABLE 2013 DIRECTORY
BIG BROTHERS BIG SISTERS OF WATERLOO REGION
Colleen Hicks, colleen.hicks@bbbswr.org
7-150 Pinebush Rd, Cambridge, N1R 8J8 519-624-7655 x210
CAMBRIDGE NORTH DUMFRIES
COMMUNITY FOUNDATION:
The Community Foundation is available
to anyone who would like to give
something back to the community, and
at the same time, create a legacy to
support the causes they care about.
Donations are pooled into an ever-growing,
permanent endowment and
only the earnings generated through its investments are distributed as
grants according to the donor's direction. Donors can be confident
that a gift to the Community Foundation is a gift that will give forever.
Contact Executive Director.
135 Thompson Drive, Unit 7, Cambridge, ON N1T 2E4
519-624-8972 www.cambridgefoundation.org
14 | w w w . e x c h a n g e m a g a z i n e . c o m
www.bbbswr.org
CAMBRIDGE MEMORIAL HOSPITAL FOUNDATION
Jennifer White, jwhite@cmh.org
700 Coronation Boulevard, Cambridge, N1R 3G2 519-621-2333 ext
244
www.cmh.org
CANADIAN COUNCIL OF CHRISTIAN CHARITIES
Wayne Kroeker, wayne.kroeker@cccc.org
1 - 43 Howard Ave., Elmira, N3B 2C9 519-669-5137
www.cccc.org
COMMUNITY OF CHRIST
Ken McGowan, mcgowankj@rogers.com
390 Speedvale Ave E, Guelph, N1E 1N5 519-265-5349
www.cofchrist.org
CONESTOGA COLLEGE INSTITUTE OF TECHNOLOGY
Tim Tribe, ttribe@conestogac.on.ca
299 Doon Valley Drive, Kitchener, N2G 4M4 519-748-5220 x2409
www.conestogac.on.ca
CONRAD GREBEL UNIVERSITY COLLEGE
Fred Martin, fwmartin@uwaterloo.ca
140 Westmount Road North, Waterloo, N2L 3G6 519-885-0220
x24381
www.grebel.uwaterloo.ca
DOG GUIDES
Heather Fowler, hfowler@dogguides.com
152 Wilson Ave, Oakville, N2L 3G6 519 648-3307 x222
www.dogguides.com
GRAND RIVER HOSPITAL FOUNDATION
Jane Jamieson, jane.jamieson@grhosp.on.ca
835 King Street West, KITCHENER, N2G 1G3 519-749-4205
www.grhf.org
HUNTINGTON SOCIETY OF CANADA
Andrea Cliche, acliche@huntingtonsociety.ca
151 Frederick St., Suite 400, Kitchener, N2H 2M2 519-749-8491
www.huntingtonsociety.ca
HOUSE OF FRIENDSHIP of
Kitchener:
Since 1939, House of
Friendship has been serving
people living on low-income:
we are there when needed,
speak up, and work together. Today, we are a leading provider of
shelter, supportive housing and emergency food assistance. We also
build strong families and communities through community centre
programs, and support healthy lives with innovative addiction
treatment programs for men and women. We envision a community
where all can belong and thrive. Until that time, your legacy gift will
ensure that together we can continue to extend the hand of friendship
to our neighbours in need. To inquire about The Friendship Fund or
planning your legacy, please contact:
Christine Rier, christiner@houseoffriendship.org519-742-8327 x122
51 Charles Street East, PO Box 1837, Station C, Kitchener, ON N2G 4R3
www.houseoffriendship.org
INDEPENDENT LIVING CENTRE OF
WATERLOO REGION:
For 30 years, the Independent Living
Centre of Waterloo Region (ILCWR) has
provided programs and services to help
people with disabilities live full, fulfilling
and independent lives in our community.
All of our services are consumer-directed,
and work toward removing barriers to the
full community participation of our
neighbours with disabilities. You can give the gift of independence by
including ILCWR in your will, and helping Waterloo Region to become
a leader in accessibility and independence for people with disabilities.
It is a future that benefits us all, and a gift that lasts beyond a lifetime.
201-127 Victoria St. South, Kitchener, ON N2G 2B4
519-571-6788 x7425 www.ilcwr.org
KIDSABILITY FOUNDATION:
Established in 1957, KidsAbility is
now the recognized leader in
Waterloo Region and Guelph-
Wellington for empowering children
and youth with a wide range of
complex special needs. Our
passionate and dedicated team provide life-changing therapy and
support services to 5,400 local children and youth. KidsAbility
Foundation is dedicated to raising both financial support and
affirmative public awareness in assisting KidsAbility Centre for Child
Development fulfill its mission.
Lisa Talbot, Executive Director | ltalbot@kidsability.ca x1201
Gillian Flanagan, Development Officer | gflanagan@kidsability.ca
x1350
500 Hallmark Drive, Waterloo, ON N2K 3P5 |
519.886.8886 |www.kidsability.ca
KITCHENER-WATERLOO ART
GALLERY (KW|AG)
The Gallery’s mission is
connecting people and ideas
through art. For more than 50
years, KW|AG has presented,
promoted and preserved the visual
arts heritage of our region. Proud caretakers of a permanent
collection of approximately 4,000 works, the Gallery’s dynamic
programming serve all ages and interests. Free admission ensures
equal access for all. The Gallery's Endowment Fund is locally
managed, and an additional endowment fund is held at the Ontario
Arts Foundation.
Caroline Oliver, coliver@kwag.on.ca
101 Queen St N Kitchener N2H 6P7 519-579-5860 x218
www.kwag.c

15. I N T E L L I G E N T G U I D E T O P H I L A N T H R O P Y • M A Y 2 0 1 3 | 15
KITCHENER-WATERLOO HUMANE SOCIETY
Marjorie Brown, marjorie.brown@kwhumane.com
250 Riverbend Drive, Kitchener, N2B 2E9 519-745-5615
www.kwhumane.com
KITCHENER-WATERLOO SYMPHONY
Sandra Villaraga, svillaraga@kwsymphony.on.ca
36 King St W, Kitchener, N2G 1A3 519-745-4711
www.kwsymphony.ca
LUTHERWOOD CHILD AND FAMILY FOUNDATION
Kim Lester, klester@lutherwood.ca
285 Benjamin Road, Waterloo, N2V 2N8 519-884-1470 ext 113
www.lutherwood.ca
ONTARIO FARMLAND TRUST
Bruce Mackenzie, info@ontariofarmlandtrust.ca
Alexander Hall, Room 301 University of Guelph, Guelph, N1G 2W1
519-824-4120 x52686
www.ontariofarmlandtrust.ca
PROJECT PLOUGHSHARES
Matthew Pupic, mpupic@ploughshares.ca
57 Erb Street West, Waterloo, N2L 6C2 519-888-6541 x705
www.ploughshares.ca
ROCKWAY MENNONITE COLLEGIATE
Bernie Burnett, bernieb@rockway.ca
110 Doon Road, Kitchener, N2G 3C5 519-743-8209
www.rockway.ca
SAINT LUKES PLACE
Karen Blackwell, foundation@saintlukesplace.ca
1624 Franklin Blvd., Cambridge, N3C 3P4 519-658-5183 ext 251
www.saintlukesplace.ca
STRATFORD SHAKESPEARE FESTIVAL
Kathryn McKie, kmckie@stratfordshakespearefestival.com
55 Queen Street, P.O. Box 520, Stratford, N5A 6V2 519271-0055
x5640
www.stratfordshakespearefestival.com/legacy
THE GIDEONS INTERNATIONAL IN CANADA
Jusep Sim, jusep@gideons.ca
501 Imperial Road North, Guelph, N1H 6T9 519-823-1040
www.gideons.ca
THE KITCHENER WATERLOO COMMUNITY FOUNDATION
Rosemary Smith, rsmith@kwcf.ca
29 King Street East, Suite B, Waterloo, N2L 1T2 519-725-1806 x 1
www.kwcf.ca
UNIVERSITY OF GUELPH
Dave Durbin, ddurbin@uoguelph.ca
50 Stone Road East, Guelph, N1G 2W1 519-824-4120 x52941
www.uoguelph.ca
UNIVERSITY OF WATERLOO
Sharon McKay-Todd, smckayto@uwaterloo.ca 519-888-4567 x35413
Joanne Stewart, jm4stewa@uwaterloo.ca 519-888-4567
Viola Poletes Montgomery, vpoletesmontgomery@uwaterloo.ca
519-888-4567, ext. 38780
200 University Ave W, Waterloo, N2L 3G1 www.uwaterloo.ca
WATERLOO REGION FAMILY NETWORK
Sue Simpson, sue.simpson@wrfn.info
745 Bridge St West, Unit 8, Waterloo, N2V 2G6 519-804-1786 x100
www.wrfn.info
WILFRID LAURIER UNIVERSITY
Cecile Joyal, cjoyal@wlu.ca
75 University Ave. West, Waterloo, N2L 3C5 519-884-0710 x3864
www.wlu.ca
YWCA KITCHENER-WATERLOO
Sheryl Loeffler, sheryl.loeffler@ywcakw.on.ca
153 Frederick St., kitchener, N2H 2M2 519-576-8856 x106
www.ywcakw.on.ca
KW COUNSELLING
SERVICES:
We believe that change is
always possible when
relationships are enhanced.
KW Counselling Services is a
multiservice agency providing individual, family, group, parenting and
outreach supports to the community. We reach our community’s most
vulnerable members and those who seek to create positive change in
their lives and those around them.
480 Charles St. E., Kitchener, ON N2G 4K5 | 519-884-0000 x211
www.kwcounselling.com
MENNONITE FOUNDATION
OF CANADA:
Mennonite Foundation of Canada offers
comprehensive services to help you live
generously.
Our qualified consultants can help you connect
faith, values and generosity. Ask us about
charitable gifting accounts, will estate
planning, and gifts of stock and securities.
Call MFC today and see how rewarding it can be
to experience faithful, joyful giving.
Sherri Grosz, sgrosz@mennofoundation.ca
50 Kent Avenue, Kitchener, ON N2G 3R1 / 519-745-7821
Website: www.mennofoundation.ca
ST. JEROME’S UNIVERSITY:
St. Jerome’s University has offered
students access to high calibre
Catholic Liberal Arts education
since 1865. Including St. Jerome’s
in your financial plan allows you to
make a significant gift in support of the formation of leaders for the
service of the community and the Church. It also provides a charitable
tax deduction to your estate and doesn’t affect your current income.
Leave a legacy of leadership, invest in the future.
290 Westmount Road N., Waterloo ON N2L 3G3
519-884-8111 x 28255 St. Jerome’s University www.sju.ca
ST. MARY’S GENERAL HOSPITAL
FOUNDATION:
Founded in 1924, St. Mary’s
General Hospital remains an island
of healing and hope to the people of
Waterloo Region and surrounding
areas. Known for our commitment
to excellent, innovative, and patient-centred
care, we are one of the country’s finest hospitals and we take
seriously the trust our community puts in us. In return, we are
honoured to have the financial support of the people we serve so that
we can continue our work.
911 Queen’s Blvd., Kitchener, ON N2M 1B2 | 519-749-6797
St. Mary’s General Hospital Foundation
www.supportstmarys.ca

16. Stories about
people doing
“whiz bang”
stuff
you should
know about
F o r o v e r 3 0 y e a r s
E x c h a n g e Ma g a z i n e
h a s s u p p o r t e d
l o c a l n o t - f o r - p r o f i t s , N G O ’ s a n d
c h a r i t a b l e o r g a n i z a t i o n s i n
Wa t e r l o o R e g i o n a n d We l l i n g t o n C o u n t y .
“ N EWS YO U C A N U S E ”
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