GIFTS OF PUBLICLY LISTED STOCK AND SECURITIES

Benefits of Making a Gift of Publicly Listed Stock and Securities to Fred Victor Centre

Donating a publicly listed stock or security is a tax-smart way to support Fred Victor Centre.  It will allow you to make a substantial contribution to Fred Victor Centre, while offering you a significant tax benefit.  As of May 2006, publicly listed stock and securities donated to charitable organizations became exempt from any capital gains tax.  The 2008 Federal Budget included an amendment to the tax law, adding exchangeable shares to the list of securities that the tax treatment already applies to.

Listed securities can include shares listed on most Canadian and certain foreign stock exchanges; prescribed debt obligations; shares of the capital stock of a Canadian public mutual fund corporation; units of widely held Canadian mutual fund trusts; interest in related segregated fund trusts.

Tax Benefits of Making a Gift of Publicly Listed Stock and Securities to Fred Victor Centre

There are two benefits to donating a gift of stock or securities to Fred Victor Centre.  First, you will receive a tax receipt for the fair market value of the donation in the amount of the closing price on the day Fred Victor Centre receives the security.  Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security.  Making a gift of stock or securities to Fred Victor Centre is a giving option that is particularly appropriate for donors who are holding stocks or securities that have risen in value, and who want to maximize their charitable deduction without affecting their liquidity.

An Example of the Tax Benefits of Making a Gift of Publicly Listed Stock and Securities

Example uses Ontario federal and provincial combined tax rate.