Retirement Plans

You may wish to designate Ottawa Torah Centre Chabad (OTC) as a beneficiary of your retirement plan, RRSP’s, RRIF’s and others that are subject to both estate and income taxes. Consider designating OTC as a beneficiary. This outstanding gesture gives the Jewish community a substantial donation at a minimum cost to your family.  

How to Designate OTC as a Retirement Plan:

• Request a beneficiary change form from your retirement plan administrator and designate OTC as the beneficiary.
• Designate OTC as the beneficiary of your retirement plan.
• This gift avoids both income and federal taxes.
• This type of gift is easy and can be done at no cost.
• You can continue to take withdrawals during your lifetime.
• You can always change your beneficiary if circumstances change.
• OTC will receive 100 percent of your gift to encourage Jewish continuity.

Allow us to work with you, your family, and if desired, your financial advisor to develop the most personalized strategy for your goals. For more information, contact us.