Thanks to the Federal Budget of May 2006, you no longer pay capital gains tax when you gift appreciated securities to Adventure Place.
When individuals sell an appreciated stock, mutual fund or flow through shares, they are required to pay tax on 50 percent of the capital gain. However, if they donate the securities to charity, they pay no capital gains tax. This makes appreciated stock one of the most cost effective ways to donate to Adventure Place.
For more information, please call:
Debbie Modrovsky, Business Director
416-744-7650, ext. 224 | email@example.com