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Gifts of Securities
Friday, 11 February 2011 21:02 | 
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Donating publicly traded stock and securities directly to the Northern Cancer Foundation is a tax-smart way to support our mission.
You will receive a tax receipt for the full appreciated value of a donation of publicly traded stock or securities, and you will not have to pay capital gains tax. Conversely, if you cash in the securities yourself with a view of donating the proceeds, 50% of the gain will be taxable.
In other words, it is more advantageous to transfer stock directly to the NCF than to cash it and make a donation.
As an example, please consider the following:
| Selling Securities & Donating the Proceeds | Donating Securities Directly | |
| Current Market Value | $10,000 | $10,000 |
| Cost of Shares | $4,000 | $4,000 |
| Capital Gain | $6,000 | $6,000 |
| Capital Gain Taxes* | $1,392.30 | $0 |
| Funds available for Donation | $8,607.70 | $10,000 |
| Tax Credit | $3,994.80 | $4,640.00 |
*assumes a marginal tax rate in Ontario of 46.41% |
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