Donate Gifts of Publicly Traded Securities
You already pay enough tax! Make our watersheds the beneficiary of your capital gains!
I'd be delighted to talk with you about this at any time. Please call Scott Fortnum at 416-667-6291 or email at firstname.lastname@example.org.
A number of our supporters have made a significant gift to conservation by donating shares to The Living City® Foundation.
The federal government has eliminated the capital gains tax on gifts of publicly-traded securities. If you are able to donate shares, there will never be a better time to do so.
Under the old capital gains regime, donors got back $0.43 on the dollar value of donated shares. But they had to pay tax on 25% of the growth value of their investment.
So if the shares originally cost $40 each and were worth $100 each when donated, the donor's $43 credit per share would be reduced by $15 ($60 gain x 25%) per share.
With no capital gains tax, the donor could actually make money on the gift relative to the amount originally invested. Using the above illustration, the original investment is $40 but the donor ends up with a $43 tax credit!