A gift of publicly-traded securities, such as stocks, bonds or mutual fund units is the least expensive way to make a gift to SHARE Family and Community Services Society.
The Federal Budget of May 2, 2006 has made this type of giving more attractive than ever before. This is making a significant impact on charitable giving in Canada. If you own publicly-traded securities that have increased in value and you decide to sell them, 50 per cent of the capital gain is taxable. However, if you donate these securities “as is” to SHARE, you will not pay any tax on the capital gain. The charitable tax credit you receive will offset other income.
Securities are equally effective when given today or in the future through a bequest in your will.
How to Give
Then, contact your financial advisor and discuss your wish to make a gift of securities to SHARE. Your advisor will fax this form to Tracy Price and Eric Sommerfeld at RBC Dominion Securities (604) 257-7444. They will advise us in writing upon receipt of the securities, as well as the value at closing on the day they were received into our account. You will receive a charitable gift receipt for this amount.
Note: The information on this page can help facilitate discussions between you and your advisor. It is not intended as legal advice. We encourage you to seek advice from a qualified professional gift of publicly-traded securities, such as stocks, bonds or mutual funds, can be made to SHARE.
Contact Kate Lawrence at 604-529-5119 or by email if you need assistance or have any questions about this process.