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Marketable Securities
Marketable securities are a special form of property including stocks, bonds and mutual funds. They are transferable and usually easy to value. As such, they make excellent charitable gifts entitling you to a tax deduction. A partial exemption of capital gains from taxation has recently been put in place and is proposed to end in the year 2001. This change in the regulation has allowed for a tremendous opportunity for donations of securities. The taxable portion of the capital gain has been reduced in half to 37.5%. In addition, the donation limit has been increased to 75% of your taxable income. The charitable tax receipt will diminish the capital gains and will in effect reduce taxes arising from other income.
The tax receipt is based on fair market value of the securities at the close of trading on the day the transfer is made to the Health Centre. The tax receipt is immediate.
Real Estate
This type of gift opens the possibility for a very large gift without using liquid assets. A gift of real estate allows you to immediately make a gift and receive a tax receipt for the fair market value. In most cases, the Health Centre will then sell the property.
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Traditionally, many donors have assumed the only possible gift to the West Parry Sound Health Centre is an outright gift of cash.
Other types of gifts are gratefully accepted, each offering significant tax advantages.- gifts such as:
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- Marketable Securities and Real Estate
- Gifts-in-Kind
- Securities including stocks, bonds, GICs
- Publicly Traded Shares
- Endowments
- Pooled Income Funds
- Pledges of Future Gifts such as Life Insurance
- Gifts from Wills
Prior to arranging this type of gift to the Hospital, you should consult with your own financial advisors.
For information on other forms of giving, please contact our office:
West Parry Sound Health Centre Foundation
16 James Street
Parry Sound, ON P2A 1T2
(705) 746-4540 ext. 317 Fax: (705) 746-9812
email: wpshcfdn@vianet.on.ca
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$2,500 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$667
$701
$277
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TOTAL TAX CREDIT |
$978 |
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REAL COST OF A $2,500 CONTRIBUTION:
$1,522
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$5,000 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$1,392
$1,426
$563
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TOTAL TAX CREDIT |
$1,989 |
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REAL COST OF A $5,000 CONTRIBUTION:
$3,011
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$10,000 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$2,842
$2,876
$1,136
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TOTAL TAX CREDIT |
$4,012 |
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REAL COST OF A $10,000 CONTRIBUTION:
$5,988
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$20,000 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$5,742
$5,776
$2,281
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TOTAL TAX CREDIT |
$8,057 |
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REAL COST OF A $10,000 CONTRIBUTION:
$11,943
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$25,000 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$7,192
$7,226
$2,854
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TOTAL TAX CREDIT |
$10,080 |
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REAL COST OF A $10,000 CONTRIBUTION:
$14,920
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$50,000 Contribution
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Federal Tax Credit
17% on the first $200
29% on the remainder
Total Federal Credit
Provincial Tax Credit
(39.5% of the Federal Credit)
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$34
$14,442
$14,476
$5,718
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TOTAL TAX CREDIT |
$20,194 |
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REAL COST OF A $10,000 CONTRIBUTION:
$29,806
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