Gift of Securities
Consider a gift of securities. You may want to donate publicly traded securities or mutual funds that have increased in value directly to Compassion. Such a gift eliminates the capital gains taxes you would have to pay on those securities
How Does It Work?
- You should contact your financial advisor regarding your intentions. He/she will advise you about what shares to donate.
- Contact June Dryer our Gift Planning Specialist at Compassion Canada for a form supplied by Compassion and fax a copy today!
- Compassion will send you an income tax receipt following the completion of the transfer.
- Qualifying securities must be publicly-traded, which includes shares, mutual funds, segregated funds, bonds and a few other specific securities.
- The gift must be given directly to Compassion in the form of securities. Securities that are cashed and then gifted will not be eligible for the preferred capital gains treatment.
- The fair market value of the security will be determined based on the closing market value on the day we receive the securities. A charitable donation receipt will be issued once the transaction has completed.
Advantages:
- The tax on charitable gifts of publicly-traded shares has been reduced to 0.
- You are entitled to a charitable donation receipt for the full fair market value of the gifted securities.
- You are entitled to use receipts up to 75% of your annual net income. Any unused receipts can be carried forward and used over the next five years.
Contact Us:
Ask us for a free consultation on Securities with an expert today!
June Dryer,
Gift Planning Specialist
Compassion Canada
985 Adelaide St. S,
London Ontario, N6E 4A3
1-800-563-5437
pg@compassion.ca
