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Gifts of Securities

Federal Legislation in the 2006 budget gave individuals a far more attractive option to make large-scale donations to charities. Individuals can now sell stock without paying tax; make a generous gift to Niagara Health Foundation; and, keep much of the proceeds from the sale.

Appreciated securities (stocks, bonds or mutual funds) can be donated to charities, and be sheltered from any related capital gains taxes on those securities. The gift receipt issued is based on the value of the securities at the close of business on the day of transfer. Donors receive a tax credit for their gift and have the additional tax incentive of paying no capital gains tax.

Donating appreciated stocks is now the most tax-effective way to make a substantial gift to Niagara Health Foundation, during your lifetime or as part of a legacy gift.

The Canadian Revenue Agency has an online calculator that lets you estimate the amount of tax credit available for eligible donations claimed on an income tax and benefit return for a tax year. It does not take into account all possible tax situations, so please consult your financial advisor for further details.

For information on giving a gift of securities please contact Janet Tuck, Financial Officer at 905-323-3863 or janet.tuck@niagarahealth.on.ca.