Legacy giving

The Tuition Crisis: Leaving a Lasting Legacy

 
Most Canadians in turning 71 get a monetary windfall as they begin to cash in the savings that have accumulated in their RRSP. Having had this money accumulate tax-free for forty or fifty years, and despite knowing that at some point tax would have to paid, people are nonetheless dismayed and even surprised at their large tax bills - in most cases 50% of the RRSP monies received. No wonder an entire industry has developed on how to best shelter that money. 
 
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