University of Guelph Library
There is no longer any capital-gains tax on gifts of securities, mutual fund units or bonds, when they are transferred as a gift in kind directly to the University of Guelph's securities account. You receive the full tax credit for the current fair market value of your shares, plus you will not pay any capital gains tax on the appreciated value.
To make a gift of stocks:
You must transfer the securities to the University of Guelph. If you sell the securities and donate the cash, standard capital gains tax rules apply to the disposition.
The gift must be of "qualified" appreciated securities (including shares, mutual fund shares, segregated fund shares, bonds, warrants, and options) listed on a prescribed stock exchange.
The amount of tax saving is determined by the size of the capital gain accruing from the shares to be gifted. The larger the capital gain the greater your tax saving. Therefore, you should carefully consider both your current and future tax situation and the appreciated value of your shares.
The charitable tax receipt for the gift of shares will be based on their fair market value at the time and date of transfer to the University of Guelph accounts. There is no limit on maximum or minimum share value.
Shares can be transferred electronically or by a Share Certificate.
For more information, please contact:
Ross Butler
519-824-4120, Ext. 56196