A donation of securities or mutual fund shares is the most efficient way to give charitably. With a donation of securities or mutual funds, capital gains tax does not apply, allowing you to give more and avoid paying capital gains taxes. Learn more about charitable tax credits here.
Let’s say you purchased common shares in ABC Company for a cost of $1,000 and a few years later they now have a current market value of $5,000. You would have a capital gain of $4,000.
The chart below illustrates what happens if you sell the shares and then donate the after-tax proceeds and what happens if you donate the shares directly using CanadaHelps.
By donating shares directly, you get a larger tax credit and give more to the charity you care about.
For more information on this method of donation CLICK HERE.
*All of the above information about securities and mutual funds has been pulled from the Canada Helps website.
Field Hockey Canada (FHC) is the governing body of the sport in Canada. We are responsible for developing and strengthening the sport of field hockey at all levels, from grassroots to high performance, across the country. Our athletes range from juniors to masters, competing both recreationally and competitively. Together, we are a team of provinces, clubs, communities, coaches, officials, athletes and countless volunteers, who work tirelessly to create a strong field hockey community dedicated to the pursuit of excellence in sport.
By donating to FHC today, you can support the programs and services that are offered by and to the teams that make us who we are!
PLEASE NOTE: FHC fundraising goes towards the program. FHC nominated athletes and registered participants are on-boarded by FHC to enable FHC to collectively leverage our entire community network to support FHC programs. We use this platform to help raise funds for the program or event, for example, Masters, Junior Men’s National Program, Women’s National Program, Junior World Cup, Senior World Cup etc. In accordance with legislation, all funds raised for the program, stay within the program / event for which they are raised and cannot be transferred to another program or to any individual.
Field Hockey Canada abides by the donation and fundraising standards outlined in the AFP Code of Ethical Standards & Donor Bill of Rights. Full details regarding what this commitment to these principles entails is accessible below.
” Adopted 1964, Association of Fundraising Professionals (AFP), Copyright AFP, all rights reserved. Reprinted with permission from the Association of Fundraising Professionals.”
“Association of Fundraising Professionals (AFP), all rights reserved. Reprinted with permission from the Association of Fundraising Professionals.”