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.
- 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|
|Taxable capital gain (50%)||$0||$4,000|
|Tax on gain (typical)||$0||$2,000|
|Tax credit (50% x $10,000)||$5,000||$5,000|
*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 firstname.lastname@example.org or 902-457-6270.
C/O Mount Saint Vincent University
Department of Advancement
166 Bedford Highway