Gifts of Securities and Mutual Funds

What are gifts of Securities and Mutual Funds?

If you own shares or mutual funds that are traded on certain public stock exchanges, you can receive extra tax savings by donating them to Epilepsy Ontario. By giving shares directly to a registered charity, only 25 per cent of your capital gain will be taxable, compared to the normal 50 per cent. The tax benefits can equal as much as 50 cents for every dollar of stock you donate.

You may also give a gift of RRSP or RRIF funds. To do so, name the estate as the beneficiary of the RRSP or RRIF and provide in your will for an equivalent bequest to Epilepsy Ontario. The tax credit of the bequest would offset the tax on the distribution.

The information contained in this section is general in nature and is not a substitute for independent legal advice. We recommend you seek independent counsel before making a planned gift.

How may I arrange for a securities, mutual fund, RRSP or RRIF gift?

1. Collect information and call your financial planner,

2. Determine the best means to structure the transfer of securities, mutual funds, RRSP and/or RRIF’s with your financial planner and other estate management professionals.

3. If you decide to make a securities donation from your current assets now, consider donating online at Canada Helps or by completing the enclosed donation form and returning it to: Resources Development Coordinator at Epilepsy Ontario, 803-3100 Steeles Ave East, Markham, ON, L3R 8T3.

4.If you decide to make a securities donation ( stocks, bonds, mutual funds) as part of your estate, prepare your Will stating your desired wishes to donate to Epilepsy Ontario and,

5. Contact Epilepsy Ontario so we may thank you for your generosity.