Gift ofSecurities

Looking for other alternatives to give? A gift of securities can make a meaningful impact on health care in Muskoka while providing improved tax benefits for you. A gift of publicly traded securities can provide you with an improved capacity to make a meaningful difference at the hospital.

Steps to Donate

Looking for other alternatives to give? A gift of securities can make a meaningful impact on health care in Muskoka while providing improved tax benefits for you. A gift of publicly traded securities can provide you with an improved capacity to make a meaningful difference at the hospital.

Steps to Donate

Consider a Gift of Securities

Your best tax advantage for a gift of stock is a direct donation, as the federal government has eliminated the capital gains tax payable on the appreciated value. You or your estate will receive a tax credit to lower the income tax payable.

You can also donate the cash proceeds from the sale of publicly traded stocks, but you’ll have to pay tax on any capital gains so your net tax savings won’t be as high.

For example, under the new taxation rules, if a donor donates stock that originally was purchased for $400 and now has a fair market value of $1,000, the donor will receive a tax receipt from South Muskoka Hospital Foundation for $1,000 and will not have to pay any tax on the gain.

Steps to Donate

1. Click on the Security Transfer Form and print using your browser.

2. Complete all sections of the form, including your contact information, the contact information for your broker, and your share information. Send it to Colin Miller by fax at (705) 645-0352 or email at colin.miller@mahc.ca

3. Initiate the transfer with your broker.

4. Once the transaction is completed, a tax receipt for the amount of the donation received by the Foundation will be sent to you.