Gift of Stock
Gift of Stock
Individuals giving gifts of appreciated stocks, bonds and mutual fund units to the Heritage Canada Foundation will be exempted from capital gains taxes, making this the least expensive way to give.
In May 2006's Federal Budget, publicly listed securities to charitable organizations became exempt from any capital gains tax. The 2008 Federal Budget included an amendment to the tax law, adding exchangeable shares to the list of securities that the tax treatment already applies to, which includes:
- Shares listed on most Canadian and certain foreign stock exchanges
- Prescribed debt obligations
- Shares of the capital stock of a Canadian public mutual fund corporation
- Units of widely held Canadian mutual fund trusts
- Interest in related segregated fund trusts
The benefits of donating a gift of securities to the Heritage Canada Foundation are two-fold. First, you will receive a tax receipt for the fair market value of the donation in the amount of the closing trading price on the day HCF receives the security. Second, your donation is exempt from the capital gains tax that typically applies to the sale of a security.
Please phone us toll-free at 1-866-964-1066 or email donorsupport@heritagecanada.org for more information on the gift of securities transfer process.
