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Notice: Timmins Office

Stocks and Securities

The May 2, 2006 federal budget presented donors and charities with a very big gift: the complete elimination of all capital gains tax on donations of publicly listed securities to public charities. If you own stocks or mutual funds that have grown in value, you will face a tax bill when you sell them. By donating them directly to The Canadian Hearing Society, you can reduce your tax bill and make a significant gift at the same time.

Benefits to you

  • Opportunity to make a significant gift
  • Receive a charitable tax receipt for the full value
  • Pay no capital gains
  • Securities are easy to transfer
  • Recognition during your life time

Here's how it works

You purchase stock at $400. When it reaches $1,000, you donate the stock directly to the Canadian Hearing Society and receive a charitable tax receipt for $1,000. You pay no tax on the $600 capital gain. In addition, you will enjoy $460 in combined federal and provincial tax credits. In this example, compare the advantages of donating the stock directly versus liquidating the stock and donating the proceeds:

  Donating Stock Directly  Donating Cash From Sale Of Stock 
Value Of Donation  $1,000 $1,000
Capital Gains Tax $0  $140 (50% of $600 gain x 46% tax) 

Important Note:
The securities must be transferred directly to the Canadian Hearing Society and not first sold by you. If you first sell the shares, your gift will not qualify for the reduced capital gain.

How to Donate Securities

   1. Complete the Letter of Instruction to Transfer Securities to The Canadian Hearing Society.
   2. Contact Pam Feldman, Director of Fundraising at pfeldman@chs.ca or 1-866-518-0000 ext. 4268
   3. Upon completion of the transaction, a tax receipt for the amount of the donation will be sent to you.

If you would like to learn more about donating publicly listed securities to the Canadian Hearing Society, please contact Pam Feldman, Director of Fundraising at pfeldman@chs.ca or 1-866-518-0000 ext. 4268.

Seek Financial and Legal Advice

CHS strongly recommends you seek professional advice to ensure that your financial goals are considered, your tax situation reviewed, and your Planned Gift is tailored to your circumstances.

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