Donating your securities to VGH & UBC Hospital Foundation is one of the most tax-effective ways to make an outright gift during your lifetime.
When an individual sells an appreciated stock or mutual fund they are required to pay tax on 50 per cent of the capital gain. However, thanks to the Federal Budget of May 2006, if the person donates the appreciated securities to VGH & UBC Hospital Foundation, they pay no capital gains tax.
When you give the gift of securities you are combining the elimination of capital gains tax with a charitable donation tax credit. The entire amount of the donation results in a charitable tax credit that may be used to offset other income.
Note: This information is not intended as legal or financial advice. We encourage you to consult a qualified professional advisor.
For more information, contact:
Charlene Taylor
Associate Director, Gift & Estate Planning
604 875 4917