1. Donate shares or units In-Kind

(Investments, Stocks, Bonds, non-registered Mutual Funds and segregated funds)

Benefits:

  • Pay NO TAX on the growth of your investment.
  • Get the full tax benefit. The charity gives you a donation receipt at the end of the year for income tax credit.
  • Donated shares are exempt from any Capital Gains.

It’s EASY! Fill out attached form with the information and sign it over to Home of Hope.
Form: T2033
Download Transfer Securities Form Here

  • Before you make a donation, consider if you have an investment account that you can give directly from instead.

Watch this 15-second video:

ALSO, now if you donate a portion of the proceeds of the sale of real estate to a registered charity within 30 days of the sale, there is a 0% inclusion rate on the amount donated (No Capital gains on that portion) but you still get the full donation credit.
2. Honour & Memorial Giving

We never forget the special people who’ve touched our hearts and made a difference in our lives.
By making a gift to honour someone important to you or to preserve the memory of a loved one who has passed away, you, too, will be making a difference — in the lives of children around the world. Each donation over $15 is tax-deductible.
Email for more information.

 

3. Consider adding Home of Hope to your Will
  • Talk to your lawyer, broker or financial advisor to do this.
  • Donate a portion of your Life Insurance
    • If you name a charity as an irrevocable beneficiary, the premiums give you a tax credit now.
    • The charity benefits when the person passes away by receiving the death benefit.
    • The portion % desired to be donated can go straight from the insurance company to the charity and avoid Capital Gains and taxes.

 

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——————- Further Explanation:

Did you know that by donating appreciated shares, you can give more and pay less tax at the same time?

Donations of appreciated stock can produce double benefits for tax payers, thereby maximizing the impact of their giving. When a donor gives stocks directly to a charity, not only do they receive a charitable donation receipt for the full market value of the stocks, but they also benefit by avoiding tax on the appreciation in value of the donated property.

Here is an example of the possible benefits of giving this way:

Susan purchased shares in ABC Co. Ltd. in 2003 for $5000. Today the shares have a fair market value of $10,000. If Susan sells the shares, assuming she is in a 32% tax bracket, she could pay taxes of $800, enabling her to make a cash donation of $9,200 and a reduction of income taxes owing of $4550.
Click here to access CRA’s charitable donation tax credit calculator.

BUT – If Susan gives the stocks directly to Home of Hope, they receive a donation of $10,000 and Susan has a donation receipt for $10,000 resulting in a reduction in taxes owing of $4950. Also, she is not charged with any Capital Gains.

The simplest way to donate stocks is to request a share certificate, and sign it over to the charity you wish to donate to. Alternatively, you can contact your broker and submit a transfer request to them. Gifts can be donated through Home Church Account 15175474 with B2B Discount Brokerage. Please check with your accountant or financial advisor to discuss the tax implications of your particular situation.

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