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In May of 2006, the Federal Government announced the elimination of the capital gains tax on publicly listed securities to registered charities. With this provision, donations of publicly listed securities can be made to the Mount completely free of any capital gains tax. This can add up to significant tax savings.

The Mount will issue you a charitable tax receipt for the fair market value of the 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
• There is the satisfaction of seeing gift at work now

The above information could be changed by Federal or Provincial Legislation at any time. Please consult with your financial advisors before making a gift to confirm the tax implications.