Donate bonds, securities or mutual funds
Recent changes in Canadian tax law now mean that publicly-listed securities, such as stocks and mutual funds, can now be donated without paying any tax on the capital gain. A gift of appreciated securities can mean greater tax savings for the donor than an equivalent gift of cash. Donors are eligible for a tax receipt for the fair market value of the securities at market close on the date of transfer. The process is simple; your financial advisor simply transfers the securities from your account to a Brain Canada brokerage.
Contact Monica Berger, Director of Philanthropy at 438.812.5184 or email@example.com for more information