When you donate publicly traded stock and securities, you will receive a tax receipt for their full appreciated value and you will not be subject to any capital gains tax. Donated securities are handled through the Diocese of Toronto’s brokerage firm and upon liquidation are passed on to Little Trinity Church.
Capital gains tax on publicly listed stocks and securities are exempt when you donate your shares to Little Trinity Church rather than selling and donating the proceeds.
The value of your tax receipt will be based on the market closing price on the day the Diocese takes legal receipt of your stock or securities into their brokerage account.
You may claim charitable donations up to 75 per cent of your net income, and a five-year carry-forward on any unused donation amount is permitted. Click here to download a marketable securities form.