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Home > Fundraising Home > Planned Giving>Publicly Listed Stocks & Securities |
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Publicly Listed Stocks & Securities The May 2, 2006 federal budget presented donors and charities with a very big gift: the complete elimination of all capital gains tax on donations of publicly listed securities to public charities. If you own stocks or mutual funds that have grown in value, you will face a tax bill when you sell them. By donating them directly to The Canadian Hearing Society, you can reduce your tax bill and make a significant gift at the same time. Benefits to You
Here’s how it works: You purchase stock at $400. When it reaches $1,000, you donate the stock directly to The Canadian Hearing Society and receive a charitable tax receipt for $1,000. You pay no tax on the $600 capital gain. In addition, you will enjoy $460 in combined federal and provincial tax credits. In this example, compare the advantages of donating the stock directly versus liquidating the stock and donating the proceeds.
Important Note: The securities must be transferred directly to The Canadian Hearing Society and not first sold by you. If you first sell the shares, your gift will not qualify for the reduced capital gain. How to Donate Securities:
If you would like to learn more about donating publicly listed securities to CHS, please contact the Manager of Major Gifts and Planned Giving. Seek Expert Advice CHS strongly recommends you seek professional advice to ensure that your financial goals are considered, your tax situation reviewed, and your Planned Gift is tailored to your circumstances. |
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