Gifts of Securities

In the 2023 federal budget, legislative changes were proposed to the alternative minimum tax (AMT) that will affect individuals and trusts. The legislation, coming into effect in 2024, may affect the tax credits associated with charitable donations including gifts of appreciated securities, stock options, and flow-through shares. Please consult your advisor for more information about the proposed changes.

Make a difference in the health of your community while eliminating your capital gains tax.

A gift of publicly traded securities can provide you with an unexpected means to make a significant contribution to Guelph General Hospital at a relatively low cost to you.

By making a gift of equities, bonds, and mutual fund units, your taxable capital gain is eliminated.

In contrast, if you choose to sell appreciated securities during your lifetime, or if these assets are liquidated through your estate, tax must be paid on 50 percent of the capital gains on those securities. Donating securities to a registered charity provides an opportunity to eliminate a significant tax liability that would otherwise eventually have to be paid.

Download our Securities Transfer Form to initiate the process.

Learn more about how you can eliminate the capital gains tax by donating securities directly to The Foundation of Guelph General Hospital.

To learn more about donating securities or making FGGH the beneficiary of your RRSP or RRIF, contact Matt Peltomaki at [email protected] or 519-837-6422 x2569.