Make a gift of cash or property by including CARF as a beneficiary in your will. This is one of the simplest Planned Giving options to arrange and it can significantly reduce the tax paid by your estate. A bequest can be deferred or immediate. Charitable bequests provide donors full control of their assets during life. While living, a donor can claim a tax credit for charitable donations of up to 75 per cent of his or her annual income. However, in the year of death and the year preceding, the limit rises to 100 per cent. If the bequest consists of gifts of appreciated property, such as securities or real estate, then additional tax credits may be applicable. A contribution made by way of a beneficiary designation, such as an RRSP, RRIF or an insurance policy, is also eligible for a tax receipt. Upon death RRSPs and RRIFs are included in income and taxed accordingly (unless a spousal rollover is available). If an RRSP or RRIF is left as a gift to CARF, then a tax receipt is issued for the amount of the RRSP or RRIF. This amount will totally offset the tax owing on that donation, and therefore nothing is owed to the Canada Revenue Agency.