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.
Video: Marc Hamel, Financial Advisor with Manulife Securities Incorporated is joined by Jos Herman, Tax & Estate Planning Professional, and Brad Park, President & CEO of United Way Halton & Hamilton, discuss Charitable Giving strategies and the tax benefits they can provide.
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:
How to donate gifts of securities
To donate gifts of stock or securities, please fill out the form below, ensuring that the form is signed by the donor and returned to United Way before the gifts of stock or securities are transferred. Please also note that this form is used to issue the donor’s tax receipt.
Securities Transfer Form