Gift of Securities


Under provisions in the 2006 federal budget, individuals now have a far more attractive option to make large-scale donations to charity. There is now a way for individuals to: sell stock without paying tax; make a generous gift to OTMH; and, keep much of the proceeds from the sale. It’s great news for our donors and for our community!

Now, appreciated securities (stocks, bonds or mutual funds) can be donated to charity, and be sheltered from any related capital gains taxes on those securities. The gift receipt issued is based on the value of the securities at the close of business on the day of transfer. Donors receive a tax credit for their gift and have the additional tax incentive of paying no capital gains tax.

Donating appreciated stocks is now the most tax-effective way to make a substantial gift to OTMH, during your lifetime or as part of a legacy gift. 

The Canadian Revenue Agency has an online calculator that lets you estimate the amount of tax credit available for eligible donations claimed on an income tax and benefit return for a tax year. It does not take into account all possible tax situations. 

Click here to download a Share Transfer Form.

For more information on giving a gift of securities, please contact Aleta Mayer, Associate Director at (905) 845-2571, ext. 4351.