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 Tax Credit Calculator  -  Estimated Tax Savings Benefit
 
Using our on-line tax credit calculator will enable you to compare the tax advantages when donating publicly traded securities to donating cash. Simply enter the current value of the shares you are considering donating and the purchase price of the shares. Our calculator will make the calculation based on the top marginal rate of 46.41% and makes the assumption that you are a resident of Ontario and have already made charitable donations of $200 or more during the tax year.

The elimination of the capital gains tax on gifts of appreciated securities may create a significant tax advantage to you depending on your financial situation. It is important to seek the advice of your financial advisor when making a donation of securities.
 
      Sell Shares and
Donate Gross Proceeds
Donation of Shares Cash Gift  
  Current value of shares $        
  Purchase price
of shares
$    
  Realized gain on
disposition of shares
     
    Sell Shares and
Donate Gross Proceeds
Donation of Shares Cash Gift  
  Value of donation to the charity  
  Taxable capital gain    
  Taxes payable on
the realized capital gain
   
  Tax credit for the donation  
  Net after-tax cost of
making the donation
 
 
 
 

Note: The information on this page can help facilitate discussions between you and your advisor. It is not intended as legal advice. We encourage you to seek advice from a qualified professional.