Gifts of Securities

Gifts of publicly listed securities such as stocks, bonds and mutual funds receive special tax treatment. With a few exceptions, when you dispose of capital property 50% of any capital gain (the difference between the original cost of the property and the current value) must be taken into taxable income. This can greatly increase your income tax payable in a given year.

However, when you transfer publicly listed securities directly to AST none of the gain is taxed; and you receive a tax receipt for the full market value of the securities! This is true whether the gift is made now or through your will.

Please note: In order to qualify for this special tax treatment the securities must be transferred directly to AST and not sold with the proceeds contributed.

Illustration of a gift of stock
Allister Mackay wants to contribute Bank of Nova Scotia shares that he purchased years ago at a cost of $20,000. Today they are worth $50,000. His combined federal and provincial tax rate is 46.5%. Currently, he is allowed to claim up to 75% of his net income for his charitable donations in any one tax year. Any excess credits may be carried forward for up to five additional years.

To donate securities you may either use the Donate button below or contact the Advancement Department.

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