Gifts Of Stocks And Securities
The federal government eliminated the capital gains tax on donations of publicly listed securities to public charities, in 2006. By donating stocks or mutual funds directly to Sandgate Women’s Shelter of York Region Inc., you can reduce your tax bill and make a significant gift to support women and children in your community.
Benefits To You
- Opportunity to make a significant gift
- Receive a charitable tax receipt for the full value
- Pay zero capital gains
- Easily transfer your securities
- Be recognized for your gift in your lifetime!
How It Works
Let’s say you purchased stock at $400. When it reaches $1,000, you can donate the stock directly to Sandgate Women’s Shelter and receive a charitable tax receipt for $1,000. You pay zero tax on the $600 capital gain. In addition, you enjoy $460 in combined federal and provincial tax credits.
Compare the advantages of donating stock directly versus selling the stock and donating the proceeds:
|Donate Stock Directly||Donate Cash from the Sale Of Stock|
|Value Of Donation||$1,000||$1,000|
|Capital Gains Tax||$0||$140 (50% of $600 gain x 46% tax)|
Important Note: Securities must be transferred directly to Sandgate Women’s Shelter of York Region Inc. and not sold by you first. If you sell the shares first, your gift will not qualify for the reduced capital gain.
How To Donate Securities
- Contact firstname.lastname@example.org or call 905-252-0694 to arrange the transfer of your shares
- Once the transaction has been completed, a tax receipt for the amount of the donation will be sent to you
To learn more about donating publicly listed securities to Sandgate Women’s Shelter of York Region Inc., please contact email@example.com or call 905-252-0694.
Seek Financial & Legal Advice
We strongly recommend you seek professional advice to ensure your financial goals are considered, your tax situation is reviewed, and your donation is tailored to your unique circumstances.