Giving shares is a tax effective way to support St. Paul's
The tax advantage of donating publicly listed securities (i.e. shares, bonds or units of a mutual fund trust) directly to St. Paul's Hospital Foundation can make it much more cost-effective for you than giving a traditional cash donation.
The federal government has made tax changes to fully exempt the capital gains tax you would normally pay on the profits of selling publicly listed securities, providing you donate these securities directly to a registered Canadian public charity like St. Paul's Hospital Foundation. You will still receive a charitable receipt for the full market value of the donated securities, so this new change extends your tax savings even further. (Before this development, donors paid a portion of the capital gains tax when making a charitable donation of securities that had appreciated in value.)
As always, it's a good idea to seek professional advice from your own tax or financial advisor. In the meantime, try our tax savings calculator or, if you would like to find out more and run through a tax-savings scenario, please do not hesitate to contact Don Hickling of St. Paul's Hospital Foundation by calling (604) 806-8916 or 1-800-720-2983 or via e-mail at sphfoundation@providencehealth.bc.ca
Making the gift of securities is very simple as most securities are held electronically and can easily be transferred from your brokerage account to a brokerage account held by St. Paul’s Hospital Foundation. This transfer is normally completed in one to two days and the amount of the donation receipt is calculated using the closing price of the securities for the day they are received in the St. Paul’s Hospital Foundation’s brokerage account.
- If you wish to make a gift of shares held in your brokerage account, please print off this form and follow the instructions at the top.
- If you wish to make a gift of mutual funds, please print off this form and follow the instructions at the top.
- To make a gift of actual share certificates, or for any other inquiries, please contact Don Hickling at the Foundation office at 604-806-8916.
*Please note that all information on this site is of a general nature only and should not be considered a definitive analysis of tax law nor a substitute for professional advice.