Gifting Stocks, Bonds or Mutual Funds
People who own stocks, bonds or mutual funds are happy when their investments increase.
Unfortunately, when you convert your investment to cash, the capital gain is taxable. By directly donating your publicly listed securities to The Salvation Army, you will pay no capital gains tax on their increase in value.
1 – Complete this form and have your broker or transfer agent send this form to RBC Direct Investing to make the share transfer.
Note – The Salvation Army cannot initiate this share transfer on your behalf.
2 – Manually save the form and email it to securities@salvationarmy.ca to help ensure that you receive your charitable tax receipt in a timely manner.
The Salvation Army will provide you with a charitable tax receipt for the full market value on the day they are received in our account. This tax receipt: will help you immediately reduce the amount of tax you pay on your income may be carried forward if your donation exceeds your annual limit and used in any of the next five years may help reduce the taxes on your estate in the year of your death – and allow more of your estate to go to your beneficiaries
Get In Touch
If you’d like to learn more, please email us at legacy@salvationarmy.ca Or, call us at 1-855-546-5556. A Salvation Army Gift Planner will be in touch soon to answer all of your questions.
We strongly encourage you to seek independent advice when executing gifts of securities, property, life insurance, charitable gift annuities, wills, trusts, contracts and other legal agreements.