Gifts of Stocks & Securities
Help us unlock the mysteries of Parkinson’s disease
If you own stocks or mutual funds that have grown in value, you are required to pay tax on 50% of the capital gain. However, if you donate the securities to charity, you pay no capital gains tax, and receive a charitable tax receipt that entitles you to additional tax savings. Brenda Crocco shares why this form of giving was right for her in A Gift From the Heart. Benefits and additional information.
How does it work?
Important! The securities must be transferred to Parkinson Canada and not be sold by you, the donor. The gift will not qualify for the capital gains tax elimination if the securities are sold and the cash is then gifted to Parkinson Canada. A donation receipt is issued for the fair market value of the security on the date of transfer into our brokerage account.
Chart Source: CIBC Wood Gundy
To explore the benefits of this type of giving, please contact: