When you donate publicly traded stock and securities, you will receive a tax receipt for the full appreciated value of a donation of publicly traded stock or securities and you will not be subject to any capital gains tax.
The benefits of making a gift of stock or securities:
- Capital gains tax on publicly listed stocks and securities are exempt when you donate your shares to the Diocese of Toronto rather than selling and donating the proceeds.
- The value of your tax receipt will be based on the market closing price on the day foundation takes legal receipt of your stock or securities into our brokerage account.
- You may claim charitable donations up to 75 per cent of your net income, and a five year carry-forward on any unused donation amount is permitted.