Donations of securities can be made through Canada Helps. It is an easy and tax-advantageous way to help Habitat for Humanity Saskatchewan serve more families.
To transfer securities to Habitat Saskatchewan, simply visit Canada Helps online at https://www.canadahelps.org/en/charities/habitatsask/
What types of securities will Habitat Saskatchewan accept so that I may qualify for the exemption from Capital Gains Tax?
Habitat Saskatchewan will accept most securities that are publicly traded on any Canadian exchange. This includes such items as stocks, debt instruments such as bonds, GICs, flow through shares, shares in mutual funds and stock options.
I consider these types of gifts late in the year. How can I ensure my tax receipt will be dated in the calendar year I wish when I transfer my shares?
As there are many factors that affect the time it takes to transfer securities to Habitat Saskatchewan’s account, initiating a transfer at least 30 days before the end of a calendar year will help ensure the receipt is issued to you in that same calendar year.
Can I just sell my shares and donate the cash proceeds to Habitat Saskatchewan, instead of transferring the shares?
You can do that and you will still receive a charitable tax receipt for the amount of cash donated. However, you would forfeit any Capital Gains Tax exemptions. You must transfer your shares directly to Habitat Saskatchewan to also receive the Capital Gains Tax exemption.
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