Donate: Make a Gift of Securities    
         
 

Changes announced in the 2006 Federal Budget made it much more attractive to donate gifts of public-traded securities to registered charities.  You can enjoy significant tax savings when you make a donation of appreciated securities in the form of an “in kind” transfer of the security itself. 

Heart-Links will issue a charitable receipt for the fair market value of the gift of securities to be used for tax purposes – the fair market value is determined based on the closing price of the securities on the date the gift is received by Heart-Links.

  
         
 

Here is an example of the benefits of donating stock:

  
         
    Sell Stock and
Donate Proceeds		 Donate Stock
Directly In Kind		  
  Stock Value $25,000 $25,000  
  Donation Receipt $25,000 $25,000  
  Less Adjusted Cost Base* $12,500 $12,500  
  Realized Capital Gain on
Increase in Share Value		 $12,500 $12,500  
  Taxable Capital Gain $6,250 $0  
  Donation Tax Credit** $10,000 $10,000  
  Tax on Gain*** $3,125 $0  
  Net Tax Benefit $6,875 $10,000  
         
  Net Benefit from Donating Stock: $3,125  
     

* Adjusted Cost Base is the amount for which the stock was originally purchased.
** Tax credit is 40% of charitable receipt value, including all Federal and Ontario Provincial Tax Credits
*** Assumes donor is at 50% tax level
 

To make a Gift of Securities contact Trina Emery at Scotia McLeod (519 660 3242), and see this form for details on making the gift and sending your authorization.
 
 
  Home | About Us | What We Do | What You Can Do | Events | Links | Contact Us