If you plan to donate $500 or more, you can donate securities, including stocks, bonds, and mutual funds. By donating securities directly to a charity as opposed to selling them and donating the proceeds, the capital gains tax is eliminated. This means more money for the charity and a greater charitable tax credit for you. You receive a charitable tax receipt for the full market value of the security upon completion of the sale.
We have chosen to use the CanadaHelps security donation form embedded below. You can also donate directly from the CanadaHelps website. Fill out the form below by December 17th to ensure a 2020 tax receipt. Upon completion, CanadaHelps will send you an email confirming all the details of your pledge. You will then complete the provided Letter of Direction form and send it to your financial advisor or investment firm. This authorizes the transfer of shares to CanadaHelps. Once the shares are sold, CanadaHelps will send you a confirmation email with your charitable tax receipt and disburse the proceeds to RVWS.
If you prefer, there are other ways to donate securities. One way is through Link Charity Canada. There, you can also donate other ways such as RRSPs, life insurance and bequests.
Thank you on behalf of the animals!