Stocks and Securities
A gift of stock to HABILITAS is an easy way to help enhance the quality of life and provide a stronger future for people with physical disabilities.
You can also benefit from tax advantages for the fair market value of your stocks on the date your gift is made. The value of your donated stocks can be any amount. Your lawyer, accountant or financial planner can advise what method of giving will be the most tax effective for you.
Here is an example of the tax benefits:
|Donate Stocks Directly||Sell Stocks and Donate Cash|
|Current Fair Market Value (A)||$10,000||$10,000|
|Amount paid for stocks||$5,000||$5,000|
|Taxable capital gain at 50%||$0||$2,500|
|Marginal tax rate in Quebec||53.33%||53.33%|
|Tax on capital gain at marginal rate (B)||$0||$1,333|
|Charitable tax receipt for gift||$10,000||$10,000|
|Tax savings from donation tax credit (C)||$5,333||$5,333|
|Net cost of donation = (A) + (B) – (C)||$4667||$6,000|
Please consult with your tax professional to determine the donation level is the best suited for your situation.