A gift of publicly traded securities to The WHS will eliminate the capital gains tax. If you own stocks or mutual funds that have grown in value, they will face a tax bill when sold. By donating them directly to The WHS, you can eliminate this tax bill and make a significant gift at the same time.
A charitable tax receipt is issued for the fair market value of the security in Canadian dollars on the date the shares are received into our brokerage account. The securities must be transferred to The WHS and not sold or the gift will not qualify for the capital gains tax elimination.