Using our on-line tax credit calculator will enable you to compare the tax advantages when donating publicly traded securities to donating cash. Simply enter the current value of the shares you are considering donating and the purchase price of the shares. Our calculator will make the calculation based on the top marginal rate of 46.41% and makes the assumption that you are a resident of Ontario and have already made charitable donations of $200 or more during the tax year.
The elimination of the capital gains tax on gifts of appreciated securities may create a significant tax advantage to you depending on your financial situation. It is important to seek the advice of your financial advisor when making a donation of securities.
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