Saturday, February 17, 2007

Changes in Tax Law

The Canadian Government’s recent tax changes have made it more appealing to donate publicly traded securities to your charity of choice.

Under new rules, you may donate stocks, bonds, trust units, futures and options, as well as units/shares in mutual funds and you will pay no capital gains tax on the appreciated value.

This greatly reduces your out-of-pocket expense of making such a donation.

More information is available on the SCAW website.