Maximize Your Gift Potential
Federal Budget 2006 provided major tax incentives for donations of shares to charity by eliminating taxable capital gains on the donation of publicly traded securities and mutual funds.
Under our tax laws, if you sell your securities you will have to pay capital gains tax on an amount equal to one-half of their increase in value. But if you give these securities to a registered charity, like BC Women’s, you won’t have to pay any capital gains tax at all. You also get a tax deduction for the full value of the securities.
How does this tax change affect you?
It may mean that it’s a lot cheaper for you to give a charitable gift of securities than an equivalent amount of cash. If you have publicly traded securities that are worth more today than when you bought them, please consider using them for a donation.
Make your donation for only pennies on the dollar.
It’s the most tax effective way to donate to your favorite charity!