We can offer you simple, flexible and smart options that let you enjoy tax benefits and maximize the impact of your donation on children’s health and well-being.
Publicly listed securities are a cost-effective way to transform an asset into an immediate and significant form of support for Breakfast Club of Canada – and an interesting alternative to a cash donation. By donating shares, bonds, mutual funds or stock options, you will be exempt from any capital gains tax and you will be entitled to a tax receipt for the fair market value of your assets, thus reducing the amount of tax you have to pay.
This type of donation will help us keep breakfast programs running for years and generations to come.
Stock options are a form of incentive compensation provided by certain companies to employees and board members. From a planned giving perspective, they represent a unique opportunity to provide immediate support to Breakfast Club of Canada while tapping into significant tax benefits.
When you donate stock options, you will receive a tax receipt for the fair market value of your donation. And if the gift is made within 30 days following acquisition or before the end of the fiscal year when the option was exercised, the tax rate applicable to the taxable benefit will be considerably reduced, in some cases as low as zero.
We would be happy to assist you in your philanthropic planning but we are not qualified to provide any financial or legal advice. Please talk to a financial advisor, accountant, notary, lawyer or other professional who is familiar with your financial circumstances and thus able to help you maximize the tax benefits of your charitable donations.