Donors are discovering their publicly traded shares and mutual funds may hold the key to helping them realize their dreams of giving back to the community, by putting tax savings to work.
A special tax incentive exists for gifts of publicly traded securities made to Canadian registered charities. If you give publicly traded securities “in kind” to the Foundation:
You are not required to pay tax on any capital gain that results from the gift.
You receive a donation receipt for the fair market value of the securities on the day the Foundation receives them in our account.
In Alberta, in-kind gifts of shares and mutual funds may provide almost $200 of additional tax savings for every $1,000 of capital gain than would be the case if you sold the shares and gave the proceeds to charity.
This tax incentive is also available for “in-kind” gifts of publicly traded securities made in your will.
Talk to the Foundation and your professional advisor about your wishes. We will help you determine how your gift will support the charities and causes important to you.