Securities & Shares

Current Canadian tax rules make it advantageous to gift various types of publicly listed securities to charities like Mount Saint Vincent University. Your gifts of shares, capital stock, units of Canadian mutual funds or other securities are exempt from the capital gains tax that typically applies to the sale of a security. This can result in significant tax savings.

MSVU will issue a charitable tax receipt for the fair market value of your gift of securities to be used for tax purposes. The fair market value will be the closing price of the securities on the date the securities are received by the Mount.

Benefits

  • A tax receipt is issued for fair market value
  • There is no tax on the gain to the donor
  • There is the satisfaction of seeing your gift at work now

Tax Savings Example:

DONATE STOCK DIRECTLY SELL STOCK & DONATE CASH
Value of stocks $10,000 $10,000
Initial cost base $2,000 $2,000
Capital gain $8,000 $8,000
Taxable capital gain (50%) $0 $4,000
Tax on gain (typical) $0 $2,000
Tax credit (50% x $10,000) $5,000 $5,000
TAX SAVING $5,000 $3,000


*The information provided here is general in nature and is not intended to be a substitute for professional legal or financial advice. Please consult with your financial, accounting or legal advisor(s) before making a gift to confirm the tax implications of such a gift.


For more information about gifts of securities, please contact Anne Thibodeau, Manager of Philanthropy, at

anne.thibodeau@msvu.ca or 902-457-6270.


If you would like to make a gift of securities, please download and submit the Donation Form here. This form can be emailed to erin.patrick@msvu.ca or mailed to the following address:


Erin Patrick

C/O Mount Saint Vincent University

Department of Advancement

166 Bedford Highway

Halifax, NS

B3M 2J6