Ways to Give
Give a One-time or Monthly Donation
Donating monthly is a convenient way to plan your giving and can help your community for as little as $10 a month. Our monthly donors note that they feel good about making a consistent difference to a cause that is close to their heart. Tax receipts are issued annually for your total donation amount.
Give a Gift in Celebration
Make a donation to Hospice Muskoka in lieu of a gift for birthdays, anniversaries, weddings, holidays and any other occasion. This type of 'gift' is appreciated by many, especially those who feel they do not want or need anything for themselves. Tax receipts will be issued for donations of $20 and greater.
Donate a gift of real estate or securities such as stocks, bonds or mutual funds. Your gift assists us in fulfilling our charitable mission to provide compassionate end-of-life care at no cost to individuals with life-limiting progressive illnesses, and give support to their caregivers and families.
Name Us in Your Will
Leave a legacy by naming Hospice Muskoka as a beneficiary in your will, life insurance policy, or retirement fund. Your example will encourage next-generation giving to support the important work of charitable foundations and organizations.
These are some of the many ways that our incredible donors support us throughout the year. There are other ways that you can give.
If making a cash or cheque donation, please include the following information in your envelope so that we can accurately log the donation:
Donor’s name and address (including postal code)
Email address and Phone Number
To donate by email transfer (E-Transfer):
please download and fill out the following form:
Thank you to all of our donors, volunteers and community support groups for your generosity!
Tax Benefits of Charitable Donations
Donating to a cause that is close to your heart not only provides support for something you are passionate about, it also teaches younger generations about philanthropy and makes them aware of causes that are important to you. Lastly, you and your estate can also benefit from the tax advantages of charitable giving.
Details to consider:
When you combine your donation receipts at tax time, you’ll get a charity tax credit you can use to reduce both your provincial and federal income taxes payable. Other benefits can also add up to significant savings:
A first-time donor’s super credit is available, which offers an incentive to donate if you haven’t before.
If you and your spouse share a joint bank account from which you make donations, it is easier to claim on one tax return. You can give up to $200 to receive the credit at the lowest tax rate. Donations of more than $200 have the credit calculated at a higher rate.
If you don’t have income or any income tax owing you won’t be able to benefit from the tax credit in that year but, you can carry the credit forward for up to five years.
What are Capital Gains?
When you sell a capital asset the difference between the adjusted basis of the asset and the amount you realized from the sale is a Capital Gain.
These amounts are payable on your income tax. Examples of when Capital Gains applies include a second home or cottage, personal items such as art, jewelry, collectibles and stocks or bonds held as investments. Your accountant or financial advisor can help make wise choices in this area to help benefit you and your beneficiaries in the best way. Hospice Muskoka has a direct link for your financial advisor or lawyer to use for any stocks, bonds, & mutual fund donations in a secure platform here.
Bequests & Donations Given by Will
A bequest is property given by will and planned prior to passing. These bequests and planned gifts can include the giving of stocks/securities, life insurance policies, RRIF/RRSP, and real estate.
Donating to Hospice Muskoka through a bequest or planned gift is a wonderful way to leave a legacy that you know will help improve the quality of lives of (those) individuals and their loved ones who are and will be experiencing one of life’s most difficult journeys.
Planning a gift for the future ensures your wishes will be followed and this will also greatly benefit a charity that is important to you. This type of giving is not about the size of the gift, it is about the intention to have some of your assets dedicated to hospice services and care. We encourage you to discuss any details of a bequest or planned gift with your professional advisor and your family. Your lawyer or financial planner can also give you more insight into how planned giving can benefit your beneficiaries and estate tax outlook.
We are so grateful for your consideration in providing Hospice Muskoka with a planned gift.