Securities Donation

Do you own securities with a considerable appreciation in value? They could be the ideal way to donate do Domaine Forget de Charlevoix.

CONSIDERABLE TAX BENEFITS

A gift of securities to Domaine Forget could be a particularly advantageous option from a tax standpoint:

No tax to pay on the capital gain: when you sell securities, 50% of the capital gain would normally be taxed. Instead, if you transfer these securities to Domaine Forget de Charlevoix as a donation, you avoid this tax bill.
Donation tax credit: like a cash donation, the fair market value of the securities at the time of transfer to Domaine Forget is eligible for a donation tax credit. You can reduce your taxes by approximately 50% of the value of your donation.

It is possible to make a gift of securities immediately or in your will. The tax benefits remain the same, but the tax receipt will be made out to the estate in the case of a bequest.

Example securities donation
You own $10,000 worth of securities that you bought for $2,000 about 10 years ago. You wish to make a gift of $10,000 to Domaine Forget. You can donate the securities or donate the proceeds after selling the shares on the market.

The table bellow demonstrates the tax benefits of donating the securities rather than a cash equivalent gift.