August 1st, 2017
Make the most of your charitable support of Second Harvest and consider donating stocks.
Simply download the TD Charitable Donation of Securities form and your financial advisor can do the rest.
The following chart will show you why this is one of the smartest ways to support your favourite charity.
|Sell securities and donate cash||Transfer the securities to Second Harvest|
|Market Value of Securities||$10,000||$10,000|
|Adjusted Cost Base||$5,000||$5,000|
|Taxable Capital Gain (50%)||$2,500||$0 – Eliminated|
|Tax due on the gain at Marginal Tax Rate e.g. 43%||$1,075||$0 – Eliminated|
|Tax Receipt to the Donor||$10,000||$10,000|
|Total Tax Credit||$3,976||$3,976|
|Net Tax Saving||$2,901||$3,976|
*This chart is for illustration purposes only. Please consult your professional advisor for individual advice.
For further information about this example or other Smart Giving strategies, please contact
Debbie Kesheshian, CFRE, at email@example.com or 416-522-8935.