Wills and Gifts of Stock

 

Leave a legacy at Canuck Place.

Do you need to create or update your will?

Canuck Place is proud to help donors like you finalize your Will.

To find out more information, contact Robert Hamanishi at 604-730-3310 or [email protected]

Gifts of Stocks & Securities

Your gift of publicly-traded securities – including shares, mutual funds and stock options – is a cost-effective opportunity to transform an asset into immediate and significant support.

A gift of appreciated securities is a worthwhile giving alternative. You decide how you want to give, and the elimination of capital gains tax on gifts of appreciated securities provides you with a substantial tax incentive for donating stock.

You will be entitled to a donation receipt for the full market value (resale) of your contribution.

Your gift of securities will result in a generous, non-refundable tax credit that will have the effect of lowering your income taxes. You can use your tax credit in the year of your gift or carry it forward for up to five additional years.

The following example illustrates the benefit of gifting stock to make a donation versus selling the stock and donating the cash to charity:

Sell shares and gift cash to charity Gift shares to charity
Proceeds of disposition (a) $10,000 $10,000
Adjusted cost base (b) $2,000 $2,000
Capital gains (c = a – b) $8,000 $8,000
Tax on capital gains

(d = (c x 50%) x 46%)*

$1,840 $0
Donation tax credit

(e = a x 46%)

$4,600 $4,600
Net tax savings from $2,760 $4,600

*The tax rate paid on your last dollar of taxable income.

This example provided is for illustration purposes only. Please consult your financial and/or legal advisor for tax-effective giving that is most suitable for you. Your charitable receipt will be valued based on the closing price on the day when the shares are legally transferred to Canuck Place’s account.

We are here to help you with your special gift.

Here’s how to proceed:

  1. Instruct your broker. Download and complete this form.
  2. Inform Canuck Place of your gift using a copy of the form.

Canuck Place will issue you a tax receipt upon receipt of the transferred shares (which can take some time).

Contact Robert Hamanishi, Legacy Giving Officer at [email protected] or 604.730.3310 if you have any questions or would like some guidance.

 

Leave a Gift in Your Will

One of the easiest ways to leave a legacy gift is by including Canuck Place in your will. We have prepared some helpful sample wording to get you started.

Sample Bequest wording

The following sentences could be included in your new will or added as a codicil to your existing will.

Specific Bequest

“I give to CANUCK PLACE CHILDREN’S HOSPICE, the sum of ($ amount).”

Estate Residue

“I give all (or ___% of) the residue of my estate to CANUCK PLACE CHILDREN’S HOSPICE.

Note: this sample wording is provided as information only and does not constitute legal advice.  Please contact your lawyer.

Learn about leaving your mark or how you can have your will completed for free by contacting Robert Hamanishi at 604.730.3310 / [email protected]

Canuck Place Children’s Hospice Foundation: 86370 4920 RR0001