Now you can do more.
Many British Columbians like you are committed to the cancer cause. And many of you contribute as much as you can but would like to do more to help create a world free from cancer.Give more and avoid taxes.
You can make a difference in the lives of Cancer patients by donating shares, whether they have increased or decreased in value. Thanks to tax law changes in 2006 and 2007, Canadians donate appreciated securities (including stocks, bonds and mutual funds) directly to a registered charity. By doing this, donors avoid capital gains tax on the investment and can make a significant contribution without depleting their cash reserves. So the BC Cancer Foundation can use the entire value of the stock to support the work of the BC Cancer Agency.Giving shares that have decreased in value
You can also receive tax benefits by donating shares that have decreased in value. In addition to receiving a tax receipt for the fair market value of the shares, donating them to the BC Cancer Foundation will also result in crystallizing a capital loss. You can then apply the capital loss against any capital gains. The capital loss can be carried back 3 years and forward indefinitely.Donating stock is easy.
The process is simple and the BC Cancer Foundation can help. Just click here to find the contact person in your region of BC. You can also speak to your own financial advisor who can explain the process and help you decide what's best for you.The above information is general in nature and is not intended as legal or tax advice. We can help you realize your wish to support cancer research and care in British Columbia by working with you and your financial and legal professional advisors.