Gifts of Publicly Trade Securities and Mutual Funds
Donating appreciated stocks or mutual funds is the most tax-effective way to make an outright gift during your lifetime or as part of a legacy gift.
The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities. Capitals gains are the increase in the value of your securities over the price you paid at purchase.
When you sell your shares for cash, you’re responsible for the tax due on the gain, even if you plan to donate the proceeds from the sale. If you pay the tax out of those proceeds, there’s less money left to donate. Your charity receives a smaller donation and you have a smaller donation to claim for your charitable tax credit at the end of the year.
But when you donate your securities directly through ALS Society of BC, those capital gains aren’t subject to tax. This means your charity receives a larger gift, and you’ll benefit from a tax receipt for the full value of your eligible securities or mutual funds.
Stock Transfer Procedure and Stock Security Transfer Form
For more information, please contact Rena Mendoza at 1-800-708-3228 ext. 225 or e-mail firstname.lastname@example.org.
Legal Name: Amyotrophic Lateral Sclerosis Society of British Columbia
Charitable Registration #: 10670 8985 RR0001
ALS Society of BC
1233 – 13351 Commerce Parkway Richmond, BC V6V 2X7
Phone – 604.278.2257 Toll Free: 1.800.708.3228 Fax – 604.278.4257
Disclaimer: The information contained herein is general in nature and is not intended to constitute legal or tax advice. Since each individual’s financial circumstances are unique, you are advised to consult with a qualified professional advisor.