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Gifts of Securities
Gifts of Securities Form
Please click here to download the form. Once you have filled in the form, please provide SMLS a copy by fax at 905-845-4799 or e-mail: sdobie@smls.on.ca.
Tax benefits of making Gifts of Publicly Traded Securities
The Federal Government eliminated capital gains tax on gifts of securities in the 2006 budget.
The federal government has completely removed the capital gains tax owed on donations of publicly traded securities to registered charities. Donors can now make a significant donation without affecting their personal cash flow while receiving a tax receipt for the full donation amount.
When you give securities to a registered charity like SMLS, there is no capital gains tax to pay and you receive a tax receipt for the full market value. That means you can make a significant contribution without affecting your cash flow, and receive a valuable tax benefit.
Best of all, you have the satisfaction of knowing that you're helping girls and young women dare to dream, and make their dreams come true.
Donating Flow-Through Shares
- 100% deductibility when shares are purchased
- No capital gains tax when gifted to SMLS
- Charitable tax receipt when shares are donated
Tax Benefits of donating securities versus cash
Example of Estimated Tax Benefits
| Donation of Cash | Donation of Securities (no tax on capital gains) |
|
| Donation Amount | $10,000 | $10,000 |
| Tax Credit for Donation (4%) | $4,600 | $4,600 |
| Tax Savings on Capital Gains of $10,000 | $0 | $2,300 |
| Total Tax Benefit | $4,600 | $6,900 |
| Net Cost of Donation | $5,400 | $3,100 |
Making a gift of securities is easy. For more information on the tax benefits of donating securities contact:
Sally Dobie,
Director of Advancement
Tel: 905-845-5830 Ext. 814
Email: sdobie@smls.on.ca