Imagine a world where every individual facing crisis finds immediate support, where compassion and understanding replace despair. This is the world we strive to create at the Crisis Centre of BC. Your generous gift of publicly-listed securities can be a powerful catalyst in realizing this vision.
By donating publicly-listed securities (stocks, bonds, mutual funds), you’re not just making a financial contribution; you’re investing in a future where connection and support are readily available for those in their darkest moments.
Maximize Your Impact, Minimize Your Tax Burden
Since the changes in Canadian tax laws in May 2006, donating securities to a registered charity like the Crisis Centre of BC offers a unique opportunity to make a significant impact while enjoying substantial tax benefits. By transferring your securities directly, you eliminate capital gains tax, and receive a tax receipt for the full appreciated value of your gift. This means more of your contribution goes directly towards providing critical support and hope to individuals in need.
The Power of Your Gift
- Eliminate Capital Gains Tax: Unlike selling securities, donating them directly to us means you pay no tax on the capital gains, maximizing the value of your contribution.
- Receive a Tax Receipt: You’ll receive a tax receipt for the full fair market value of your donated securities, providing significant tax relief.
- Invest in Compassion and Connection: Your gift directly supports our mission to provide vital crisis and suicide intervention services, embodying our vision of a world filled with understanding and respect.
- Ensure sustainability: Your gift enables us to maintain and grow our services, reaching more people in crisis.
How to Donate Your Securities
We’ve made the process simple and efficient, ensuring your generous gift translates into maximum impact:
- Online via CanadaHelps: The most efficient and cost-effective method is through [CanadaHelps](link to CanadaHelps donation page). This online platform allows us to minimize administrative costs, ensuring more of your donation directly supports our frontline services.
- Electronic Transfer: If you hold securities with a broker, please contact them and complete a “Direction to Transfer Funds Electronically” form.
- Physical Delivery: For physical stock certificates, please contact us for specific instructions.
Impact of Federal Budget Provision to Eliminate Capital Gains Tax on Publicly Traded Stock and Securities (Marginal tax rate at 46% for illustration)
How you benefit
| Sell shares and gift cash to charity | Gift shares directly to charity | |
| Current market value of stock and amount of tax receipt | $100,000 | $100,000 |
| Cost base | $20,000 | $20,000 |
| Capital gain realized ($100,000 – $20,000) | $80,000 | $80,000 |
| Taxable capital gain (50% of $80,000) | $40,000 | $0 |
| Tax due on gain (46% of $40,000) | $18,400 | $0 |
| Donation tax credit (46% of $100,000) | $46,000 | $46,000 |
| Net tax savings from donation (tax credit minus tax due) | $27,600 | $46,000 |
*Assumes donor at 46% marginal tax rate
Securities Donation Policy
Our preference is for all security donations to be made through Canada Helps.
However, if that is not possible the following policy applies:
The donation must be an in kind transfer of the security itself, not the cash proceeds from the sale of the security. Such a transfer is easily made electronically from your investment account.
The Crisis Centre has a policy of issuing a tax receipt for the closing value in Canadian dollars on the date the shares are received into its brokerage account. If the shares are hand-delivered or mailed, a properly executed power of attorney is required and the Centre has a policy of issuing a receipt for the closing value in Canadian dollars on the date the shares are received and accepted.
The Crisis Centre has a policy to sell shares on the same date they are received, or as close to it as possible.
