Donating stocks, securities, or mutual funds can be a powerful way to make an impact on our work of ending poverty around the world. Not only that, it can be a smart way to give that is both efficient and effective!
Donations of securities to a registered charity like us are not subject to capital gains taxes, and you can receive a tax credit for giving this way. This means that your gift extends further in helping those most in need.
Interested in Giving Gifts of Stocks and Securities?
Here’s How:
1
Contact our donor care team by email at donor.care@iteams.ca or by phone at 519-669-8844 (ext 1).
2
We will provide you with a form that you’ll fill out with your broker.
3
Once you’re finished, email it back to us and we’lll pass it along to our contact at TD Waterhouse.
4
Once the securities have been transferred to our investment account, TD Waterhouse will advise us in writing of the receipt of the securities and the value it was transferred in at.
5
We will issue and send you an official tax-deductible receipt for income tax purposes.
6
It is International Teams Canada’s policy that securities, once received, will be sold as soon as possible.
See the Difference.
By donating shares directly, you get a larger tax credit and give more to those you care about. This chart below was adapted from our friends at CanadaHelps. It helps illustrate what happens if you sell the shares and then donate the after-tax proceeds versus what happens if you donate the shares directly.
DONATION OPTIONS
Sell securities for cash. Donate the after-tax proceeds
Donate securities directly to iTeams Canada
Original Cost of Securities
$1,000
$1,000
Current Market Value
$5,000
$5,000
Capital Gain
$4,000
$4,000
Tax on Capital Gains
$920
$0
Donation Amount After-Tax
$4,080
$5,000
Your impact is
$920 greater!
Your Charitable Tax Credit
$1,876
$2,300
Your charitable tax credit is
$424 more!
These are general figures for the purpose of illustration. They do not constitute legal or financial advice. We strongly encourage you to seek professional legal and/or financial advice before deciding upon your donation to charity.
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We acknowledge that we work on the land traditionally used by the Haudenosaunee, Anishnaabe, and Neutral Peoples. The land we are on was intended to be leased to settlers but instead was sold as land with full title. There are very few legal sales of Indigenous land, most of which were never paid to the Indigenous people of the territory. We acknowledge the enduring presence and deep traditional knowledge, contributions and philosophies of the Indigenous People with whom we share this land today. We are grateful to have the opportunity to be on this land, and by doing so, give our respect to its first inhabitants.
