When a gift of securities is made to the Spina Bifida & Hydrocephalus Association of Ontario you can rest assured that you are supporting vital programs, public education and research. Your gift will help improve the quality of life for thousands of people in Ontario living with the unique challenges of spina bifida and/or hydrocephalus.
Following the elimination of capital gains on donations of publicly traded securities, a gift of securities is now the most tax efficient way to make a charitable donation. Your gift will result in a generous, non-refundable tax credit that will have the effect of lowering your taxes. You can use your tax credit in the year of your gift or carry it forward for up to 5 years.
If you own publicly traded securities or mutual funds that have increased in value, you may want to consider donating the securities directly to the Spina Bifida & Hydrocephalus Association of Ontario. As of May 2, 2006, the Federal Government eliminated capital gains taxes on appreciated securities donated to a charity. Your gift of securities will eliminate the capital gains taxes you would ordinarily have to pay on those securities and protects the tax credits for use against other taxable income.
Simply print, fill out and mail the Gift of Securites form to your broker and fax a copy to SB&H. Complete instructions for making a donation of securities are included in the sidebar on the left side of the form.