A donation of a gift of securities to Cancer Foundation of Saskatchewan will make a great impact to cancer patient’s care in our province. Each year, nearly 5,600 new cases of cancer are diagnosed in Saskatchewan and the numbers are rising.
Donating a gift of publicly traded securities may save you considerable capital gains taxes, as opposed to making a traditional donation by cheque or cash. You can donate securities during your lifetime or through a bequest in your Will. In 2006, the Federal Government eliminated all capital gains tax payable when transferring securities/stock to a charity through a broker.
The value of your donated securities can be any amount. For further details, review the example of the tax benefits, call us or simply click on our Securities Transfer Form (PDF) belowSecurities Transfer Form
Example of the tax benefits for donating shares vs cash
and Donate Cash
Directly to CFS
|Fair market value (FMV) of donation||$50,000||$50,000|
|Adjusted Cost Base||$10,000||$10,000|
|Taxable capital gain||$20,000||$0|
|Tax on Capital Gain @46%||$9,200||$0|
|Tax savings from donation tax credit||$23,000||$23,000|
|Total Cost of Donation||$36,200||$27,000|
|Savings by shares directly to CFS||$9,200|
*Disclaimer: Calculations is an example only and based on a 46% tax bracket.
Please review with your investment advisor or accountant for assistance on what method of giving will be the most tax effective for you.Email Contact
Contact Us: (306) 552-5665
Thank you for supporting cancer care in Saskatchewan.