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Gifts of Securities or Stock

Donate stocks, bonds or mutual funds and take advantage of tax benefits.

Gifts of securities are the most tax-effective way to make a donation

Through the donation of shares to United Way, you limit the tax paid on capital gains, and receive a charitable tax receipt for the market value of your publicly traded shares, while helping friends and neighbours in need.

“Since working with TD for the past 30 years, I have always donated to United Way. Most recently I have been donating stock securities – it allows you to receive a tax incentive, and eliminate your capital gain. United Way has made donating securities a seamless and easy process, and I am thankful we have this option.”

How to donate Gift of Securities or Stock

  1. You or your broker will complete the Share Transfer Form. Please also note that this form is used to issue the donor’s tax receipt.
  2. Send the form to United Way’s brokerage firm, which is listed on the Share Transfer Form.
  1. Authorize your broker to transfer the securities to United Way’s broker account. Your shares will be sold immediately by United Way.
  2. A tax receipt and acknowledgment letter will be issued for the market value on the date of transfer. A United Way representative may also call you to verify information.

Please speak with your financial advisors about the tax benefits of donating shares. For more information about Gift of Securities, contact info@uwhh.ca.

The proposed legislative changes (currently under consultations) to the Alternative Minimum Tax (AMT), if passed into law, will become effective in the 2024 taxation year. These changes may or may not impact the effect of tax benefit obtained from the gifts of publicly listed securities and it is important that you please consult with your Advisor for more information.

Video: Marc Hamel, Financial Advisor with Manulife Securities Incorporated is joined by Jos Herman, Tax & Estate Planning Professional, and Brad Park, President & CEO of United Way Halton & Hamilton, discuss Charitable Giving strategies and the tax benefits they can provide.

 

Building on last year’s overwhelming support of our Founding Circle donors, we are excited to announce the 2024 Local Love Community Match. This is YOUR unique opportunity to join a generous group, helping to build this year’s Campaign Match. Reach out to learn how YOU can inspire positive change for the community! 

Frequently Asked Questions

Eligible stocks and securities include:

  • Stocks
  • Mutual Funds
  • Other

With the tax on capital gains now reduced to zero, this is the most tax-effective way to donate to United Way

Under federal tax changes effective June 2006, you can donate appreciated securities without paying any capital gains tax.

  • You receive provincial and federal tax credits
  • You receive a tax receipt for the full value of the share, making this more efficient than selling the securities and donating the cash proceeds.
  • You can leave securities to United Way in your will, thereby reducing the tax burden on your estate.

The proposed legislative changes (currently under consultations) to the Alternative Minimum Tax (AMT), if passed into law, will become effective in the 2024 taxation year. These changes may or may not impact the effect of tax benefit obtained from the gifts of publicly listed securities and it is important that you please consult with your Advisor for more information.

Donate in-kind, get a receipt for fair market value, and use the capital loss triggered to get a refund of capital gains tax paid in the current year or prior three years. Or carry forward the loss indefinitely. Speak with your advisor for more details on this.