How much would you be saving in tax by donating securities? Use our Donation Calculator to find out.
Here’s an example: If you purchased shares for $1,000, and those shares have now appreciated to $10,000 in value, this means you have a capital gain of $9,000.
When you sell those shares at that value, you must pay a capital gains tax on half that amount, or $4,500.
However, you can avoid paying the capital gains tax by donating the shares directly to Vancouver Foundation or any charity of your choice.
To sweeten the pot, you’ll also receive a charitable tax receipt for the full value of your donation.