It allows you to offer greater support to those living with mental illness, including addictions.
Since gifts of securities come from assets rather than income, they receive a more favourable tax treatment.
Tax receipts for gifts of securities reflect the date the securities are received in our account. The deadline for receipt of 2021 gifts of securities is December 31, 2021.
Jessica decides to support CAMH with a gift of $10,000. When reviewing whether she should sell her shares in a publicly listed corporation and then donate the cash proceeds or donate the shares directly, Jessica learns that she would have a greater net tax benefit by donating the shares directly to CAMH Foundation. The chart below assumes a tax rate of 50 per cent.