St. Michael's Hospital

Foundation

Appreciated Securities

Now that the Government of Canada has eliminated the capital gains tax on listed publicly traded securities to public charities, it's even more advantageous for you to give securities to the charity of your choice.

Here's how it works. Let's say you want to make a donation of $100,000 to St. Michael's Hospital. You have two choices. You can sell some securities and make a cash gift of the amount or you can make a gift of the securities themselves. If you sell your stock and donate cash, you will pay roughly $50,000 in capital gains and approximately $25,000 in tax (assuming a tax rate of 50%). If you donate the securities directly to St. Michael's Hospital, you will receive a tax receipt for the full value of your securities donation and will not have to pay any capital gains tax.

If you would like to learn more about this important change in legislation or if you would like to speak with someone about making a donation to St. Michael's Hospital Foundation, please call us at 416-864-5000.