A gift of shares allows you, our donors, to get a significant tax benefit. With a gift of shares, you don't have to include any of the capital gain into you taxable income and there is no worry about clawbacks on your Old Age Security benefits.
For more information
please contact Winnie Quinn
Toll-free: 1-866-YES-CMIC (937-2642)
or via e-mail at firstname.lastname@example.org
Father Albert Maroun, Retired priest and Physics professor
Father Albert Maroun of Cape Breton, Nova Scotia, a retired priest and university professor, wanted to work as a missionary but couldn't.
As of May 2006, there is no capital gains tax if you gift shares (publicly listed securities) to charity. For our donors, this is a double windfall.