A gift of securities can include stocks, bonds, mutual funds, and income trusts traded on approved stock exchanges in Canada and major international exchanges. With this type of gift, you pay no capital gains tax, whereas normally you would pay tax on 50% of any capital gain (the increase in value since you acquired the securities). This makes it one of the most tax efficient ways to donate to Yaldei. You can read our Put Your Stock in Yaldei document to get a better idea of how this works.
Simply put, if your investments have grown in value, you can donate the investments and pay no tax. You can actually make money on your charitable gift, if the charitable tax credit exceeds the cost of your original investment.
We suggest you speak to a qualified adviser to learn about your options.
For more information please call Lillian Vennor at 514-279-3666 x 245 or Email us.
All discussions are in the strictest confidence.