Publicly-traded securities (i.e. shares, mutual fund units, and bonds) can now be gifted to WaterCan on a tax-efficient basis. If you own publicly-traded securities outside of your RRSP or RRIF and these securities have increased in value, you may owe capital gains taxes when you choose to sell.
As a result of a change announced in the 2006 federal budget, you no longer have to pay capital gains tax when you donate these publicly-traded securities to a registered charity. You must donate the securities in kind for the tax exemption and NOT the proceeds from the sale of the securities.
Benefits of the gift of publicly-traded securities include:
Should you consider gifting publicly-traded securities to WaterCan, your lawyer and financial planner can assist you with this.
$25 provides one person in eastern Africa with clean water, basic sanitation and hygiene education.
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In the 2007-2008 fiscal year WaterCan spent 81% of all expenditures on programming. This means that your donation goes a long way in supporting local poverty eradication efforts through the provision of clean water and basic sanitation to those who need it most.
