Donating Stocks & Securities
Gifts of securities are an impactful and tax-advantaged way to give.
MAXIMIZING YOUR IMPACT
More Health, Less Tax
Because capital gains are not taxed on donated securities and mutual fund shares in most cases, giving this way allows you to give more. As an added bonus, your tax credit will increase too. Ask your advisor if changes to the tax act, effective Jan. 1, 2024, will effect you.
For more information, please view the following Gift of Securities Forms. There are two separate forms, one for those using self-directed online investment platforms, and one for those using a traditional broker.
Tax planning is important here, including who should make the gift (for example, you or your company). It’s also important to be sure that the shares or mutual funds you want to transfer will qualify for the incentive (for example, not held in an RRSP, RRIF, or TFSA). Since the incentive relieves tax on capital gains, choosing securities with larger capital gains is typically a good approach.
Leadership gifts have created opportunities that wouldn’t otherwise be available within traditional government funding models.
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