By donating the stock directly to the Amazon Rainforest Conservancy without cashing it in, you eliminate your capital gains tax bill. You can use prescribed bonds, units of mutual funds, exchange traded funds (ETFs), shares, warrants, bills and futures that are listed on the stock exchange.
You will also receive a tax receipt for the fair market value of the stock, which will help offset your income taxes.
How does it work?
- Answer a few basic questions using the CanadaHelps online securities donation form.
- Complete the provided Letter of Direction form and send it to your financial advisor or investment firm. This authorizes your advisor to transfer the shares to CanadaHelps.
- Once CanadaHelps completes the sales, they will notify you be email and send you a tax receipt for the value of your donation. They will also disburse the funds to the Amazon Rainforest Conservancy, less their low, non-commercial administration fee.