Donating securities is one way you can help to change lives and shape our community’s future. Changes to federal tax regulations make this type of giving more beneficial than ever.
What gifts are eligible?
Eligible stocks and securities include:
- Mutual Funds
Why give securities?
With the tax on capital gains now reduced to zero, this is the most tax-effective way to donate to United Way
Under federal tax changes effective June 2006, you can donate appreciated securities without paying any capital gains tax.
- You receive provincial and federal tax credits
- You receive a tax receipt for the full value of the share, making this more efficient than selling the securities and donating the cash proceeds.
- You can leave securities to United Way in your will, thereby reducing the tax burden on your estate.
To illustrate, here are two hypothetical scenarios: