In 2006, the government eliminated all capital gains tax on gifts of publicly-traded securities. Therefore, there are no taxable gains when transferring eligible appreciated securities to a charitable organization.

A gift of securities for many donors is a way to make an impact and support their chosen charitable organization without affecting cash flow. In fact, a gift of appreciated securities often costs very little when tax savings are realized.

We strongly recommend that donors discuss potential tax savings with their tax or financial advisor to receive the best advice for their situation. This information is not meant to replace professional advice.

If you would like more detail about making gifts of stock or other types of gifts, please contact:

• Lesley Heighway at lheighwa@prhc.on.ca - Phone (705) 743-2121 x4189