When you donate securities directly to the Food Bank, capital gains tax is eliminated, allowing you to donate more. Or save your charitable tax credits for future tax returns within 5 years of the transaction.
Helping the Food Bank can help your tax planning.
MUTUAL FUNDS To ensure your gift qualifies for a 2023 tax receipt, complete your mutual funds donation before December 8th.
ALL OTHER SECURITIES Donations before December 15th.
You receive the charitable tax receipt for the market value on the date the security is received by our broker.
This is what you will see when you donate
Sign and send the attached Letter of Direction to your investment firm authorizing the transfer of securities to our trusted partner, CanadaHelps.
CanadaHelps is a registered charity that facilitates gifts of securities and mutual funds on our behalf. Once the shares are transferred, CanadaHelps will execute the sale, issue you a charitable tax receipt for the amount, and disburse the proceeds of the sale to us.
Please note, if you use a direct investment platform such as RBC Direct Invest, Scotia iTrade, or Questrade, you may need to complete the Letter of Direction available from your direct investing firm. The attached Letter of Direction includes all the information you will need to complete that form.