Tax deduction advantages have been created recently for Canadian taxpayers who make charitable gifts of publicly traded securities. The University of Windsor can now provide you with a tax receipt for the full appreciated value of a donation publicly traded securities, and those securities will not be subject to any capital gains tax.
Eligible securities include shares, debt obligations or rights listed on a prescribed stock exchange, a share of the capital stock of a mutual fund corporation, a unit of mutual fund trust, an interest in a related segregated fund trust or a prescribed debt obligation.
- There are no capital gains tax on your gift of publicly listed securities.
- Your tax receipt will be for the full value of the market closing price on the day your stock or securities are received in the University of Windsor’s brokerage account.
- You can claim charitable donations up to 75 percent of your net income. (A five year carry forward of any unused donation amount is permitted.)
- You can designate your gift to a university priority, program or project.
Making a gift of securities is also simple and easy. You can have your financial advisor transfer your securities electronically from your account to the University of Windsor’s account. The receipt value will be based on the closing trading price on the day the University of Windsor receives delivery of the securities. The form for completing the transaction is available here.
Our staff in the Advancement Office at the University of Windsor are ready to assist you through the process.
For more information please contact:
Managing Director, University Campaign, Office of the President
519-253-3000 ext. 4144 Susan.Maxwell@uwindsor.ca