The Spire also accepts gift of securities; including stocks, mutual funds and bonds. A gift of publicly traded securities means you eliminate the capital gains tax that you would have to pay if you sold the securities and then donated the proceeds. Plus, you will receive a tax receipt for 100% of your donation.
Donate through Canada Helps
using form to the right.
Gifting publicly traded securities
Generally, when you gift property, the property is deemed to have been disposed of at fair market value (FMV). As such, you may realize taxable capital gains if the property has increased in value since you first acquired the property. The capital gains triggered when donating securities may be eliminated in some cases if you donate the securities in-kind. In order to qualify for the elimination of capital gains, the donated securities can be:
- shares, debt obligations or rights listed on a designated stock exchange;
- mutual funds;
- interest in related segregated funds;
- Government of Canada or provincial government bonds.