Donating publicly traded stock and securities is a tax-smart way to support the Canadian Opera Company. You will receive a tax receipt for the full appreciated value of a donation of publicly traded stock or securities*, and you will not be subject to any capital gains tax.
The example below compares the possible tax savings for an individual donor on a donation of $25,000 in publicly traded securities to the COC against the proceeds from simply selling the shares to make the donation:
*The estimated tax credit for donations is valued at approximately 45% income, for the portion in excess of the $200 threshold. The marginal tax rate for each province and individual is different—46.4% is the highest marginal rate for Ontario.
These figures are for illustration purposes only—each individual should obtain professional tax advice to understand his or her unique situation.
Eligible securities include shares, debt obligations or rights listed on a prescribed stock exchange, a share of the capital stock of a mutual fund corporation, a unit of a mutual fund trust, an interest in a related segregated fund trust or a prescribed debt obligation.