| Publicly Listed Securities |
Stocks, bonds, and mutual funds – these investments, accumulated over the years, may have grown significantly in value. If you decide to sell these investments, a considerable capital gains tax may result if the current selling price is higher than their original cost.
Charitable giving received a significant boost from the federal government’s May 2nd, 2006 budget, with a tax change that will benefit donors, the Foundation, the Hospital and, ultimately, the North Shore community.
Canadians who donate publicly traded securities to a registered charity will now pay no capital gains tax on the appreciated value of these shares.
By donating publicly listed securities to Lions Gate Hospital Foundation, you will receive significant tax benefits:
- You will not pay any capital gains tax on the appreciated value of the shares
- You will receive a tax receipt for the full market value of the donated securities.
In addition, you can direct the proceeds from the donated stock to be gifted to an area in healthcare that matters the most to you.
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