The donation of a remainder interest enables a donor to give property (generally real estate) to the Cancer Research Society (CRS) while retaining the use of this property. For example, a donor may donate his/her home and continue to live in it.

The donor receives a tax receipt for the present value of the "residual interest" in the property that he/she has opted to irrevocably donate. The tax receipt is based on the current market value of the property, the reference interest rate and the life expectancy of the person (or persons) who will continue to use it.

However, for as long as he/she occupies it, the donor is responsible for maintenance and upkeep of the property which will eventually be left to the CRS.

For more information
For more information, contact Bert Eccles at 514 861‑9227 or toll‑free at 1 888 766‑2262, ext. 224.You may rest assured that our conversations will remain strictly confidential.

We also encourage you to order our free guide entitled Planning a Gift through a Charitable Gift Annuity, a Charitable Remainder Trust or a Residual Interest Donation.