DID YOU KNOW that giving a Gift of Securities is a tax-smart way to support our Foundation and hospital?
THE BENEFITS ARE CLEAR
If you sell a security, you pay tax on 50% of the capital gain. But when you donate a gift of securities to CKHAF, the taxable capital gain is completely eliminated AND you receive a charitable receipt as determined by the closing price on the day CKHAF receives the securities.
This multiplies the impact of the tax benefit of your charitable giving.
TO GIVE A GIFT OF SECURITIES…
Download and complete our Gift of Securities Transfer Authorization Form and email to Emily Demers (edemers@ckha.on.ca)AN EXAMPLE OF THE TAX BENEFIT OF DONATING GIFTS OF SECURITIES TO CKHAF:
Sell Security and Give Cash
Donate Security “In Kind”
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
$0
Tax Due on Gain at 46%*
$1,150
$0
Tax Receipt for Gift
$10,000
$10,000
Value of Tax Receipt at 46%*
$4,600
$4,600
Net Tax Saving
$3,450
$4,600
* Example uses federal and Ontario provincial combined tax rate.
* This table is for illustration purposes only. Each individual’s tax circumstances are unique and the impact on your taxes.