Stocks and Securities
"Having grown up on Georgian Bay I am honoured to be a new steward at the Umbrella Islands. My hope in being a volunteer with the Georgian Bay Land Trust is to ensure that generations to come will share in the same beauty and peacefulness these islands have offered my family and me since I was a child."
Stocks and Securities
With changes to tax laws introduced in 2006, individuals are exempt from capital gains taxes when they make a donation of appreciated stocks, bonds and mutual fund units.
When you give securities to the GBLT you will receive a tax receipt for income tax purposes for the full market value of the shares at the date of the transfer.
The following table is an example of how a gift of stock is more beneficial than selling the stock and donating the cash received.
| Sell shares & donate cash | Donate shares directly | |
| Present value of shares | $100,000 | $100,000 |
| Purchase price of shares | $20,000 | $20,000 |
| Capital gain on shares | $80,000 | $80,000 |
| Taxable amount of capital gain | $40,000 | $0 |
| Tax payable* on capital gain | $18,000 | $0 |
| Tax credit on donation | $45,000 | $45,000 |
| Total tax saving | (Tax credit only) $45,000 | (Credit plus tax saving) $63,000 |
*For illustration purposes we have used an average marginal tax rate of 45%.
If you would like to get more information about giving a gift of stocks, bonds and mutual funds, please contact Mark Carabetta.
US Donors, please contact Great Lakes Basin Conservancy for more information about donating stocks and securities - contact Mindy Tabor via email or by phone at 440.376.8644
The Georgian Bay Land Trust seeks to preserve the unique archipelago and the adjacent water bodies which lie along the eastern shore and North Channel of Georgian Bay that are of ecological, geological and historical importance, and to promote the appreciation of this special area.