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Are gifts of listed securities advantageous?

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Audrey

By Audrey on September 16, 2009

You will benefit from undeniable tax advantages if you transfer securities directly to the organization of your choice. In 2006, The Canada Revenue Agency and Revenu Québec removed taxation on capital gains when listed securities are transferred to a registered charitable organization.

The advantage lies in not having to pay any taxes on the capital gain which has been made.

How to plan a donation?

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