A Gift of Securities
Increasingly, our donors are taking advantage of the tax incentives announced in May 2006 on donating publicly traded securities to registered charities or foundations.
If you have publicly traded shares in your portfolio that would generate a substantial taxable gain if you sold, you can consider donating some of those shares to make your next donation. You will get a tax receipt for the full market value of the shares and there will be no tax to pay on the disposition of the shares.
The key to executing this tax strategy successfully is to make sure you “gift” the securities to a charity or foundation, don’t sell them and donate the cash.
For more information about making a GIFT OF SECURITIES and how it works we recommend an excellent article provided by Community Foundations of Canada. Click here to view article.
For instructions on how to make your donation of securities to the Lady Minto Hospital Foundation,
If you are interested in learning more about the benefits of making these types of gifts, please speak with your financial advisor or call 250-538-4845. You may also send an e-mail to LadyMinto.Foundation@viha.ca.
|In order to initiate your gift transfer, please complete this form and fax to your broker (the delivering custodian). Your broker will be able to provide the CUSIP and FINS numbers.
Click here for securities form