Stocks & Securities (Or Other Appreciated Property)
Important News:
BCE shares to trigger Capital Gains Tax in Spring
As Bell Canada Enterprises (BCE) gets ready to privatize this spring, many investors are getting ready to pay a hefty Capital Gains Tax. If you are one of these investors you may wish to consider donating your BCE shares to a charity like Covenant House Vancouver. In doing so you will pay no Capital Gains Tax and you will receive a tax credit for the value of the shares tendered to the investment group. The cost is proposed to be $42.75 per share.
If you have owned your shares for some time you may also have a difficult time arriving at your adjusted cost base in order to determine your capital gains tax payable. You do not have the option of keeping your shares.
For a copy of our donor shares transfer form, please click here (will open a new window)
As Canada Revenue Agency changes their rules from time to time please contact Christine Dowling to verify the current rules.
Disclaimer: Please note that none of the information on this site constitutes legal or accounting advice. You should always consult your own financial and legal advisors before making a decision. If you or your advisors require any further information in order to make the best decision for you please call Christine Dowling.
604-639-8934 or e-mail dowling@covenanthousebc.org.