Make a Donation
Donating Securities
GHS is grateful for all cash donations, large and small, but if you have investments in securities (stocks and bonds) you may find it financially advantageous to donate them directly through Canada Helps rather than selling them first and donating the resulting cash. This Table shows you why:
| SELL SHARES & DONATE $ | DONATE SHARES via CANADA HELPS |
|
| Fair market value of shares | $10,000 | $10,000 |
| Adjusted base cost of shares | $4,000 | $4,000 |
| Capital gain | $6,000 | $6,000 |
| Income inclusion for capital gain $6,000 x 50% x 40% for tax |
$1,350 |
$0 |
| Amount going to charity | $8,650 | $10,000 |
| Charitable tax receipt amount | $8,650 | $10,000 |
| Tax credit for gift at 45% | $3,892.50 | $4,500 |
| Tax savings after offsetting tax on capital gain: |
$3892.50 – $1350 = $2542.50 |
$4,500 |
RESULT—You pay less tax and the charity receives a larger donation.
Reach Us
Gabriola Housing Society
PO Box 76
Gabriola, BC, V0R 1X0