Here's how you can leave a legacy that will help our missions for many years to come
You want to give a gift of property to Catholic Missions In Canada but don't know how. It is easy. A gift of property (or Residual Interest Agreement), like the gift of Fathers Mulhall, Sherratt, and Stinson can be a gift of your principal residence, your cottage, or other tangible property to Catholic Missions In Canada. (Please see "Three priests and a cottage")
This gift will be your legacy to enable our missionaries to share the love of Christ with both the young and the old in our mission communities for many years.
It is not easy serving God's people in isolated and remote communities. Your support, however, allows our missionaries to continue to live simple and austere lives ministering to our brothers and sisters in Christ.
Your gift allows them to give meaning to Christ's call.
Your gift of property will have no impact on your lifestyle. The title of your property will change but nothing else will change. You will continue to use your property as you have been doing all your life. The difference is that Catholic Missions In Canada will have title to your property.
You can enjoy the benefits of your gift immediately with a charitable tax receipt that is valued at approximately two-thirds the value of your property.
The amount of the receipt would be determined using your life expectancy, the current market value of the property, and a discount rate determined by Canada Revenue Agency.
Imagine what this tax receipt will do for your taxes in the next six years, the length of time you are allowed to use your receipt to fully use your tax credit.
An added benefit is that you will not have to worry about what will happen to your property if you become unable to use and maintain it during your lifetime. At this point, Catholic Missions In Canada will receive the benefits of your gift to fund its missionaries across Canada.
Once you've decided to donate your property, all of the arrangements and paper work will be done by Catholic Missions In Canada. An accredited appraisal will be required.
The appraisal and legal fees related to the change in title will be covered by Catholic Missions In Canada. In this way, the process of changing title to your property will be uncomplicated and at no cost to you.
A gift of your property can also help you minimize any possible capital gains involved and avoids probate fees which would be incurred if you gifted your property through a bequest in your Will.
For more information
please contact Winnie Quinn
Toll-free: 1-866-YES-CMIC (937-2642)
or via e-mail at firstname.lastname@example.org