One of the most effective tools for Canadians involves looking beyond traditional cash gifts. While a commitment to support the Hospital Foundation is a powerful first step, the way you give can significantly amplify your impact. For many, the smartest path forward lies within their investment portfolios. By donating appreciated securities instead of cash, you can transform your New Year’s resolution into a strategic act of philanthropy—maximizing your contribution to local healthcare while leveraging unique Canadian tax advantages that benefit your estate.
Why Securities Outperform Cash
For Canadians looking to make a substantial impact, the donation of publicly traded securities (stocks, bonds,or mutual funds) is arguably the most tax-efficient method available.
Typically, when you sell an appreciated investment in Canada, you are required to pay tax on the capital gain. However, when you donate those same securities in-kind to a registered charity like our Hospital Foundation, the capital gains tax is completely eliminated. You receive a charitable tax receipt for the full market value of the shares on the date of transfer, which can be used to offset your personal income tax.
A Win-Win for You and the Hospital
This strategy allows you to give more than you could with a simple cash donation. Because the tax that would have gone to the government stays with the Foundation, your gift provides more “working capital” for lifesaving equipment and patient care.
Resolved to make a difference? By shifting your focus from your chequebook to your portfolio, you ensure that your legacy is both generous and financially savvy.
Three Simple Steps to Execute Your Gift
If you are ready to turn this resolution into reality, here is how to get started:
1.Identify the Asset: Review your portfolio for securities that have grown in value.
2.Contact Your Broker: Instruct them to “transfer in-kind” to the Hospital Foundation (avoid selling them first, or you will trigger the tax).
3.Request Our Transfer Form: Contact the Foundation office to receive our brokerage account details and
the necessary “Letter of Direction” to provide to your financial institution.
