Donating securities allows you to support our community while maximizing tax benefits.
Gifts of securities (such as shares, stocks, bonds, or units in a mutual fund trust) can be used to reduce your taxes due to capital gains or losses.
If you transfer securities that have realized capital gains to MCC Toronto as a donation, you will not be taxed on the capital gain and you will also receive a charitable tax receipt for the fair market value of the securities that you can then use to reduce your taxes.
If you transfer securities that have incurred capital losses, you can apply the loss to reduce your taxes on capital gains realized in the past three years and you also receive a charitable tax receipt that can be applied this year or within the next four years. Please contact your financial advisor for more information on capital gains and losses.
Please note that a tax receipt will be issued for the value of the securities upon receipt by MCC Toronto, which may differ from the value at the time of transfer.
Download the linked form and provide it with your instructions to your broker or financial advisor.