One of the many ways to make a donation to Huntsville Hospital Foundation is transferring your marketable securities directly to the Foundation. You save the capital gains tax on the sale of those shares and the Foundation receives the full amount of your donation. This Canada Revenue Agency statute applies to all registered Canadian charities and their donors. It’s a win/win!
Huntsville Hospital Foundation will provide you with a charitable tax receipt for the full market value on the day they are received in our account. This tax receipt:
- will help reduce the amount of tax you pay on your income,
- if your donation exceeds your annual limit you may be able to carry it forward and used in any of the next five years,
- may help reduce the taxes on your estate in the year of your death – and allow more of your estate to go to your beneficiaries.
A donation of Securities is a cost-effective opportunity to make a difference for Huntsville Hospital.
We’re here to help:
If you or your advisor have any questions about the Huntsville HospitaI Foundation, the securities transfer process or the impact of your generosity, please email us at hhfoundation@mahc.ca or call us at 705-789-4756 and one of our team members will be happy to answer your questions.
We encourage you to seek independent advice when executing gifts of securities, property, life insurance, charitable gift annuities, wills, trusts, contracts and other legal agreements.
