Looking for a more cost-effective way to donate? Donating publicly listed securities (e.g., shares, bonds or units of a mutual fund trust) directly to St. Paul’s Foundation of Vancouver offers tax advantages that can make it much more cost-effective than a traditional cash donation.
Benefits of donating securities
The federal government will fully exempt the capital gains tax you would normally pay on the profits of selling publicly listed securities – as long as you donate these securities directly to a registered Canadian public charity like St. Paul’s Foundation of Vancouver.
This exemption extends your tax savings even further because you’ll still receive a charitable receipt for the full market value of the donated securities. (In the past, donors had to pay a portion of the capital gains tax when making a charitable donation of securities that had appreciated in value.)
How to give securities
Most securities are held electronically and can easily be transferred from your brokerage account to a brokerage account held by St. Paul’s Foundation of Vancouver. This transfer is normally completed in one to two days. The amount of the donation receipt is calculated using the closing price of the securities for the day they are received in St. Paul’s Foundation’s brokerage account.
To make your gift:
- Print this form to make a gift of shares held in your brokerage account and follow the instructions.
- Print this form to make a gift of mutual funds and follow the instructions.
- Contact the Foundation office to make a gift of actual share certificates or for any other enquiries.
As always, it’s a good idea to seek professional advice from your own tax or financial advisor. If you would like to find out more and run through a tax-savings scenario, please don’t hesitate to contact us.
*Please note that all information on this site is of a general nature only and should not be considered a definitive analysis of tax law nor a substitute for professional advice.