Since 2007, gifts of shares to foundations like the EFC are 100% exempt from capital gains tax.
If you hold shares of stocks or mutual funds in your non-registered accounts, you can eliminate some or all capital gains taxes by donating those shares directly to the EFC. The Estonian Foundation of Canada will issue you a charitable receipt for the market value of the donated shares on the date of receipt. The capital gains tax exemption only applies if the shares are gifted directly.
You may also choose to donate a portion of your shares. In that case, the tax credit resulting from the donated shares can be used to minimize taxes owing on the balance of the shares.
1. Contact the office at 416-465-5600 or email email@example.com to notify us.
2. Complete the EFC Securites Donation Form (see below).