GIFTS OF APPRECIATED STOCK or MUTUAL FUNDS
If you’re considering a gift to Teen Challenge, why not give appreciated securities such as stocks or mutual funds? 

The federal government of Canada recently removed the capital gains tax on publicly traded securities donated to registered charities. When you give appreciated stock, you receive a tax receipt for the full current value, and pay no tax on capital gains. 

It’s an opportunity to make a big difference at a lower cost!

NEWS FLASH - ATTENTION BELL CANADA SHAREHOLDERS 
For more information on the pending buyout of BCE shares and further information on tax-efficient donations of these stocks, click here.

For more information call 1-866-876-1847.

To the Donor
  • Receipt equals fair market value (i.e. determined as the “closing price” of publicly traded security on the date the gift is received).  A qualified appraiser must evaluate privately held shares.
  • If securities are appreciated the contributor can elect to receive the taxable receipt for any amount between the fair market value and the original cost base of the security(s) in question which eliminates capital gains taxation as recent CRA rulings have eliminated capital gains taxes on such gifts to charities.
  • They are able to give over an asset already on hand without impacting on income or current cash.
To Teen Challenge Inc.
  • Has the option of selling the securities and converting them to immediately usable cash or they can hold on to them and sell them at a later or more opportune time in an escalating market. Privately owned shares are generally held on to until they are sold to other members of the privately owned company or until an outsider buys the privately owned company.
  • Teen Challenge Inc., being tax exempt, is not taxed on any capital gains that may be realized.