Publicly Traded Securities & Mutual Funds
In 2006 the Federal government introduced a special tax incentive on gifts of Publicly Traded Securities and Mutual Funds. You can give a gift of publicly traded securities to the Winnipeg Symphony Orchestra and eliminate the capital gains tax. If you own stocks or mutual funds that have grown in value, you will face a tax bill when you sell them. By donating them directly to the WSO you can eliminate your tax bill and make a significant gift at the same time.
Gifts of Publicly Traded Securities and Mutual Funds – The Benefits to You
- Opportunity – An opportunity to make a significant gift.
- Tax Advantages – By donating your appreciated securities or mutual funds directly to the WSO you eliminate your capital gains tax bill.
- Reduced Brokerage Fees – Many brokerage houses forego fees for charitable transactions.
- Simple and Convenient – Securities are easy to transfer. Your broker transfers the shares from your account to the WSO’s brokerage account. The date of your donation will be the date the securities are deposited into our brokerage account.
- Recognition – Your gift can be honoured during your lifetime.
How does it work?
A donation receipt is issued for the fair market value of the security on the date of transfer. The securities must be transferred to the WSO and not be sold by you, the donor. The gift will not qualify for the capital gains tax elimination if the securities are sold and the cash then gifted to a charity.
Please Seek Expert Advice: If you are thinking about transferring assets that have appreciated in value, you should seek expert advice from a tax specialist or your broker. The WSO strongly recommends that you seek professional advice to ensure your financial goals are considered, your tax situation reviewed, and that your planned gift is tailored to your circumstances. For further information, please call Beth Proven at (204) 949-3989 or email firstname.lastname@example.org.
Please Seek Expert Advice: The WSO strongly recommends that you seek professional advice to ensure your financial goals are considered, your tax situation reviewed, and that your legacy gift is tailored to your circumstances. The WSO recommends that you consult your lawyer or estate planner regarding the specific wording of any gift in a will.
For further information, please call Beth Proven at (204) 949-3989 or email email@example.com.