A gift of publicly traded securities can be an attractive option. The Income Tax Act provides that capital gains on securities donated to a charity are exempt from tax, but the donor will receive a tax receipt for the full appreciated value. You will receive a tax receipt for the value of the stock at the time of transfer, and may carry forward for up to five years any unused portions of the gift.
Please talk to your professional adviser or broker to make stock transfers easily. You may download the Share Transfers Form for when you meet with your broker.
Learn more about the Benefits of Donating Securities or contact us by email at info@shuswapfoundation.ca or phone 250-832-5428 for more information.