Gifts of Securities
They're Called Shares for a Reason
A gift of securities is a thoughtful way to make a donation to the Royal Alexandra Hospital Foundation while creating excellent tax benefits for yourself.
Starting in 2006, the federal government eliminated taxes on capital gains from publicly listed securities when they are donated to registered charities. Making a gift of securities creates two tax benefits: a tax credit towards annual income taxes plus a reduction in capital gains taxes.
A gift of securities includes stocks, bonds, mutual funds, trust units and exchange-traded funds. The gift must be a transfer of the security itself, not the cash proceeds of the sale of the security. When you donate securities, you will receive a charitable donation receipt for the current market value of the securities, just as if your gift had been a cash donation. You will receive a charitable receipt for the entire amount of the gift, which you can then apply against your current taxes.
For more information about making a gift of securities, please contact Stephen Boyd, LLB, at 780-735-5061 or contact your financial advisor to find out more.

