Tax Smart Giving
2013 – A good year to start donating!
Claim your First-Time Donor’s Super Credit (FDSC) between now and 2018
If you have not made a donation in five years or if this is your first charitable donation ever, you are eligible for a “super tax credit”. Introduced in the 2013 federal budget, this new credit effectively adds 25% to the rates used in the calculation of the Charitable Donation Tax Credit (CDTC) for up to $1,000 of monetary donations. This means that, for a $1,000 donation, you will receive a $512 tax credit.
The Canada Revenue Agency will consider you a first-time donor if neither you nor your spouse or common-law partner have claimed the CDTC or FDSC in any taxation year after 2007.
Please help us spread the word among your family, colleagues and friends: Supporting your favourite cause has never been more affordable!
For additional information, please contact Dagmar Schroeder, Director of Fundraising, at firstname.lastname@example.org or 416-364-8228 ext 1384. And check out this news piece in the Globe and Mail, too. It is a good explanation.
Gifts of Publicly Listed Stock and Securities
Listed securities can include:
There are two tax benefits
How to donate stock or securities to Fred Victor
1. Complete Fred Victor’s Gift of Securities Form and contact Dagmar Schroeder at (416) 364-8228 ext. 1384 to let us know you are planning on making a gift of this sort. Please note that this form is for Fred Victor records and does not initiate transfer of the stock or securities.
2. Instruct your broker to transfer your stock or securities to Fred Victor’s brokerage account using the information on the form. Please notify Fred Victor before making this transfer.
For more information please contact: