» What are the benefits of giving stock directly to charity?
If you donate stock directly to a registered charity, like the BC Cancer Foundation, no capital gains tax will be payable on the transfer.
Click here to see an example of a comparison between giving cash and donating stock directly.
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» What do I need to do?
» How is the donation valued?
The value of your gift for donation and receipting purposes is determined as the average of the high and low trading prices on the day we receive the stock. This is a valuation method that the Canada Revenue Agency has advised is acceptable.
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» How long does it take to transfer the shares?
It will take a few days — or weeks in the case of mutual funds.
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» Who is your broker?
We have an account at RBCDS (RBC Dominion Securities).
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» I don't have a specific broker — I use a discount brokerage firm. Can I still donate stock?
Yes. However, if the timing of the transfer is important to you, please discuss with your discount broker regarding the length of time that it may take to process the transfer. You may also wish to inquire if they have their own Donation to Charity form. The use of their inhouse form may expedite the process.
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» I do not have a broker. I have stock certificates. How do I donate them?
We gratefully accept donations of stocks in certificate form. Please contact us so that we may be able to assist you through the transfer process. For our contact information please
click here.
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