Donate Securities
Donating securities or stock is a tax-smart way to support Crohn’s and Colitis Canada because you can now donate appreciated stocks, bonds, futures, options and mutual funds and pay no tax on the capital gain. Making a gift of stock or securities is easy. Simply download a Gift of Securities form and follow the instructions.
Other Benefits of Donating a Gift of Securities:
When donating securities, the value for your tax receipt will be calculated based on the closing price of the securities on the day we receive the transfer.
An example of the tax benefit of donating securities to Crohn’s and Colitis Canada:
|
Option A
Sell your securities and donate the cash |
Option B
Donate securities directly to us |
| Market value of security |
$10,000 |
$10,000 |
| Cost base |
$5,000 |
$5,000 |
| Capital Gain |
$5,000 |
$5,000 |
| Taxable capital gain (50%) |
$2,500 |
$2,500 |
| Tax due on gain at 46.41% |
$1,160 |
$0 |
| Tax receipt for gift |
$10,000 |
$10,000 |
| Value of tax receipt at 46.41 % |
$4,641 |
$4,641 |
| Net tax savings |
$3,481 |
$4,641 |
The above example is based on Ontario federal and provincial combined tax rate.
To donate securities to Crohn’s and Colitis Canada, please click download a Gift of Securities form. For more information, please contact us at 1-800-387-1479 or support@crohnsandcolitis.ca.