There are many ways to make a donation to a charity. Because the Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities, it is one of the most cost effective ways to give to a charity.
If you donate shares/securities that have increased in value, in kind, to Mount St. Mary Hospital, you will receive a tax receipt for the full market value of the gift (as valued at the close of the market on the day it arrives in MSMH’s account) AND you don’t pay any capital gains on the increased value.
To give a gift of securities, please contact Jane at jbowers AT mountstmary DOT ca or call her at 250-480-3138 so we can work with you and your financial advisor. Alternatively, please complete this form and send it back to us. We will be in touch once we have received it.