Stocks and Securities
Donating stocks or securities is one of the most cost-effective ways to support the Copernicus Lodge Foundation!
Gifts of securities are gifts of stock and shares from a publicly traded company. Stocks are subject to a capital gains taxes when they perform well. Individuals who cash in a stock for personal use are required to pay 50% of the capital gains in taxes.
As of May 2, 2006 all donations of publicly listed securities to public charities are exempt from capital gains tax. This means that a donor can see their gift at work as well as benefit from immediate tax advantages.
Another option is to donate stocks or securities through your will. Your estate will receive the same tax benefits.
For more information please visit the Canada Revenue Agency website:
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/349/crtn-eng.html
To donate to the Foundation, please download the following and fill it out: http://www.tdwaterhouse.ca/apply/forms/524386.pdf
Receiving Institution Name: TD Waterhouse
Account Name: Copernicus Lodge Foundation
CRA Charity Registration Number: 11905 7677 RR0001
Account Number 7N5602A
Receiving Institutions CUID or DTC: GIST
Contact Name: Darren Coleman
Phone Number: (416) 512-2880
Before making any financial decisions, please contact a professional financial advisor.
