Gifts of Securities

By donating publicly traded securities, you eliminate the capital gains tax you would have to pay if you sold the securities and then donated the proceeds. You will also receive a charitable tax receipt for your donation.

Securities can include stocks, mutual funds, segmented funds, bonds, flow-through shares, and employee stock options. You can give now or as part of your estate and will planning.

Giving is simple: consult your financial advisor to decide which investment makes financial sense and philanthropic impact. Then ask your broker to transfer your gift to Sinai Health Foundation by completing the appropriate transfer form. And finally, please get in touch and let us know you have made your gift so we can share our appreciation

Update on proposed Alternative Minimum Tax (AMT) legislation

In the 2023 federal budget, legislative changes were proposed to the alternative minimum tax (AMT) that will affect individuals and trusts. The legislation, coming into effect in 2024, may affect the tax credits associated with charitable donations including gift of appreciated securities, stock options, and flow-through shares. If you would like to learn more, please download this PDF.

Should you have any questions, please reach out to Chris Adamson at [email protected] or (416) 903-9485.