By donating publicly traded securities (stocks, mutual funds, segregated funds, bonds, etc.) you can give now or as part of your estate and will planning.
The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities.
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 CanadaHelps, 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.
Consult your financial advisor to decide which investments make the most financial and philanthropic impact. Then click here to go to the CanadaHelps.org page and select Nanoose Community Services.