Legacy Giving in Canada: Your Top Questions Answered
Explore how legacy gifts make a lasting difference — and get clear answers to your most common questions about planned giving in Canada.
Written by Lu Li
on May 1, 2023
Legacy Giving in Canada: Your Top Questions Answered
Thinking about leaving a legacy gift but unsure where to begin?
You’re not alone. Whether you’re just exploring the idea or actively planning your Will, this guide answers your top questions and provides helpful insights to support your journey.
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What are the benefits of leaving a gift in my Will?
Leaving a gift in your Will is one of the most meaningful ways to support the causes you care about, well into the future.
It offers several benefits:
- Create a legacy that reflects your values
- Support long-term impact through charitable organizations
- Potentially reduce taxes on your estate
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Can I make a meaningful legacy gift even if I’m not a millionaire?
Yes, you absolutely can.
While major gifts from wealthy donors often make headlines, most legacy gifts in Canada come from everyday people who simply want to make a difference.
Every gift matters — and every act of generosity helps build a better future for children.
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Can I leave a legacy gift to multiple charities?
Absolutely.
You have full control over how your legacy gift is distributed. Many people choose to support multiple organizations in their Will. Just make sure your wishes are clearly stated, and consult an estate planning professional for guidance.
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Can I change my mind after including a legacy gift in my Will?
Yes, you can.
Your will can be updated at any time as long as you're able to do it. Reviewing your estate plan regularly is a great way to ensure your legacy reflects your current intentions.
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Do I need to inform the charity if I’ve included them in my Will?
It’s not required, but it’s recommended.
Letting the charity know:
- Helps them plan more effectively
- Gives them a chance to thank you
- Allows you to share any specific preferences for your gift
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