A Story of Love & Loss. A Love Story.
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A Story of Love & Loss. A Love Story.

A story that began decades ago in war-torn Europe and saw two broken hearts find each other in Kelowna has taken on special meaning in the Planned Giving office at…

Mary Esther Bean
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Mary Esther Bean

Mary Esther Bean, born December 13, 1925 (Barnley, Worsbrough England) – died November 9, 2008 (Kelowna, British Columbia) Contentment with life can be seen in her face And happiness shines…

John Patrick Moss
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John Patrick Moss

John Patrick Moss’ generous support of the Kelowna General Hospital Foundation began more than 30 years ago as a loyal annual donor. He was the son of a pioneer Kelowna…

Welcome to Kelowna General Hospital Foundation

The tax credit calculator for individuals on this site assumes that the donor is resident in British Columbia and uses this province's tax credit rates. We encourage you to consult with a qualified financial advisor for the most accurate information with respect to your particular taxation situation.

Enter any one of the following variables in order to calculate the other two:

  Tax Credit Calculator
Donation amount: $  
Tax Credit: $
Net Cost: $  

Tax Credits

The Canadian income tax system encourages gifts to charitable organizations by granting tax credits. The actual tax credit may vary slightly depending on the province in which you live. When you make a donation of $200 or more in BC, you receive a tax credit of approximately 43 cents for every dollar given. A reduced credit of approximately 20 cents per dollar donated applies to donations under $200. Either spouse can claim a tax credit, regardless of whose name is on the donation receipt. The general limit on the deduction of charitable donations is 75% of net income. However, unclaimed charitable donations can be carried forward for up to five years.

Compare a gift of securities with a gift of cash. Calculate the tax benefit you’ll enjoy when you make a gift of securities to Kelowna General Hospital. Enter the Fair Market Value of the securities you wish to give and the cost base of those securities. Formulas are based on the top marginal tax rates in BC for 2009, and assume the donor has already made donations of $200 or more during the tax year.

Gift of Securities

Compare a gift of securities with a gift of cash. Calculate the tax benefit you’ll enjoy when you make a gift of securities to Kelowna General Hospital. Enter the Fair Market Value of the securities you wish to give and the cost base of those securities. Formulas are based on the top marginal tax rates in BC for 2009, and assume the donor has already made donations of $200 or more during the tax year.

Fair Market Value of the Securities $
Cost Base of the Securities $


Gift of Shares Sale of Shares and Gift Cash Proceeds
Capital gain
Taxable capital gain (0%) (50%)
Tax owing
(taxable capital gain * 43.7%)
Tax credit
(FMV * 43.7%)
Surplus tax credit
(tax credit - tax owing)

* The surplus tax credit is the additional amount of taxes that the gift will offset.

Note: The information on this page can help facilitate discussions between you and your advisor. It is not intended as legal advice. We encourage you to seek advice from a qualified professional.