Catholic Mission In Canada

Over the years, a very common question from our donors is: What is the difference in a gift annuity and an endowment? Simply put, it is:

• A guaranteed income for you for life
• A minimum gift of $10,000 is required
• A preferred rate of income (based upon your age)
• Income that is partially or totally tax-free (70% or more)
• A one-time charitable tax receipt for 20% or more of your investment

Any principal remaining, at the end of your life, goes to support our mission work

• An annual income for the missions forever
• A minimum of $5,000 (payable in instalments if you wish) is required for each endowment
• A charitable receipt is issued for the full value of each gift
• Your endowment gift is invested in perpetuity
• Only the interest earned goes to support our mission needs
• You and/or your family can add to your endowment at any time
• As annuitants or donors to our Endowment program, you will become a member of our Legacy Circle, and your intentions will be remembered in a special Mass and celebration each year on the feast of St. Philip Neri, patron of our home missions.

Please note: Canada Revenue Agency does not allow the tax-free roll-over of registered funds, such as RRSP/RRIFs into gift annuities.