Donation of publicly traded securities
Increase your contribution to the community while reducing your expenses.
In 2006, the government made the gift of publicly traded securities particularly attractive by eliminating the capital gains tax on the sale of these stocks.
TYPES OF DONORS
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People with a portfolio containing a large number of value-added stocks.
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People who wish to make a substantial donation while benefiting immediately from tax benefits.
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People considering a deferred gift (bequest) to ensure attractive tax benefits for their estate.
BENEFITS
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You receive a charitable receipt for the market value of the shares at the time they are registered in the Centraide brokerage account.
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You avoid paying the usual 50% capital gains tax on the sale of stocks.
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You benefit immediately from tax savings that can increase the amount of the donation or reduce its actual cost.
EXAMPLES OF GIFTS OF SECURITIES
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Publicly traded stocks, claims, and obligations
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Shares in the capital stock of a Canadian mutual fund company.
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Units of Canadian multi-shareholder mutual fund trusts.
DONATION OF PRIVATE COMPANY SHARES
Since January 1, 2017, there is a capital gains tax exemption when donating the cash proceeds from the disposal of shares in a private company or real estate within 30 days of the disposal
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