WAYS TO DONATE

DONATE STOCKS

We have the ability to accept stock donations, so why not fully leverage this powerful and financially profitable tool. It works for you and it works for us.

Here’s an example: Suppose you have shares worth $10,000 with an adjusted cost base (ACB) of $5,000. If you sell the shares and donate the cash to charity, you’ll face tax of $1,125 on the sale (assuming a marginal tax rate of 45 per cent). You’ll then receive a $4,500 donation tax credit. The net tax savings will be $3,375 ($4,500 less $1,125). If you donate the shares directly to charity instead, the $1,125 tax bill is eliminated, saving you that much more money!

 

 

DONATE STOCKS

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