Making a difference in the lives of the next generation. Your legacy is a reflection of your values and will provide Asian Canadian theatre artists with opportunities to tell their stories, receive mentorship, and thrive as well-rounded professionals.

Your gift might also cause others to think about their own philanthropic goals and inspire them to give back as well.

It allows you to leave a meaningful gift for the future while retaining current income today for your own needs. Your income today is not affected so you can still ensure your loved ones are taken care of first.

When you leave a legacy gift, your estate receives a tax receipt for the full value of the gift, which adds a tax credit to your final income tax return. This can help to maximize the value of your residual estate for your beneficiaries.

Leaving a bequest in your will is the simplest way to make a legacy gift offering several benefits. A gift in your will has no effect on your current income and you can receive a charitable tax receipt for your estate. 

Bequests can be given in two ways:

a. You can leave a lump-sum cash amount to vAct. This gift is given separately when you pass away, and is not included in your residual estate (everything that’s left after debts/taxes are paid and specific gifts are distributed).

Bequest wording example:

“To pay the sum of $______ to Vancouver Asian Canadian Theatre (vAct) to be applied by vAct’s Board of Directors at its discretion, for the general purposes of vAct.”

b. You may leave a percentage of your residual (remaining) estate to vAct. vAct will receive the cash value of the distribution you gave us from your overall estate. While a cash charitable gift will remain constant over time, a percentage of your residual estate can grow over time, resulting in a higher potential gift to vAct.

Bequest wording example:

“To pay ____% of the residue of my estate to Vancouver Asian Canadian Theatre (vAct) to be applied by vAct’s Board of Directors at its discretion, for the general purposes of vAct.”

Donate the proceeds of a registered account such as a tax-free savings account (TFSA), a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF) to reduce taxes on your estate.

Life insurance is one way you can provide financial security for your family. What you may not know is that once the needs of your family are taken care of, a life insurance policy can be donated to vAct. Donating a life insurance policy can also provide tax savings.

Selling securities from a highly appreciated portfolio could subject you to significant capital gains tax, but when you donate publicly traded stocks, mutual funds, segregated funds or bonds directly to a registered charity like vAct, you benefit from the donation tax credit and the complete elimination of the capital gains tax.

Leaving a gift in your will is for anyone who cares deeply about a cause. If you are passionate about Asian Canadian representation, building community, and fostering the development of Asian Canadian artists, you can leave a gift for vAct in your will.

At vAct, we cultivate stories from Asian Canadian perspectives to foster community. Thanks to donations, we have been able to consistently premiere new works by Asian Canadians. We are one of only two professional companies in Western Canada whose mandate focuses on Asian Canadian theatre artists.

By donating assets other than cash, you can easily save capital gains and estate taxes and can make a bigger impact than you ever thought possible. Examples of other types of gifts you can leave are stocks and securities, life insurance, RRSPs or RRIFs, and more.

Thank you! We are so honoured that you’ve included vAct in your will. Please let Karen Tsui, our Development Coordinator, know at karen@vact.ca so that we can thank you personally and keep you up to date on programming and impact areas that interest you.

Yes! Please contact Karen Tsui at karen@vact.ca. She will provide the correct wording to direct your legacy gift to your preferred area of impact or programming.

Yes. If you leave a gift in your will, at the time of your passing, your estate will receive a tax receipt and can claim a charitable tax credit for the full amount of your gift, up to 100% of your net income in that year. Any excess tax credit can be carried back to the previous year.