To donate now via NYO Canada’s partner Canada Helps, click here:
You can donate your publicly traded securities via Canada Helps and avoid capital gains tax, maximizing your contribution!
The Benefits: Save More, Give More
The busiest season for shopping, socializing and charitable giving is upon us. Why not mark your calendar and schedule time to plan your year-end giving? Donating securities or mutual funds, rather than cash, may be your best giving strategy.
The Canada Revenue Agency does not apply capital gains tax on donations of publicly traded securities. Capitals gains are the increase in the value of your securities over the price you paid at purchase.
When you sell your shares for cash, you’re responsible for the tax due on the gain, even if you plan to donate the proceeds from the sale. If you pay the tax out of those proceeds, there’s less money left to donate. Your charity receives a smaller donation and you have a smaller donation to claim for your charitable tax credit at the end of the year.
But when you donate your securities directly through CanadaHelps, those capital gains aren’t subject to tax. This means your charity receives a larger gift, and you’ll benefit from a tax receipt for the full value of your eligible securities or mutual funds.
Here’s an example of how it works.
Let’s say you purchased common shares in ABC Company for a cost of $1,000. If the current market value of those shares has increased to $5,000, you would have a capital gain of $4,000.
If you sell those shares and donate the cash proceeds, you’ll owe tax on the capital gain. So, you set aside the taxes due from the proceeds, leaving you with less than the full cash value to donate and a tax receipt which reflects the smaller donation.
But when you donate the shares directly, you owe no capital gains tax and you’re able to donate the full value. So your charity gets a larger donation and you get a tax receipt which reflects your larger contribution.
Donate by Phone
To make a donation by phone by VISA or Mastercard, please call 1-888-532-4470 or 416-532-4470 to speak with Zoe Fine (ext. 225)
Donate by Mail
To donate by mail, send your cheque payable to the National Youth Orchestra of Canada to:
The National Youth Orchestra of Canada
59 Adelaide Street East, Suite 500
Toronto, ON M5C 1K6
Our charitable registration number is 10776 4557 RR0001
Donate Aeroplan Miles
To donate your Aeroplan Miles click here:
To make a monthly donation by preauthorized debit to your bank account or credit card, download our monthly donation form here.
Donate in Tribute
To make a donation to honour family and friends or your favourite NYOC students, alumni or music educators, write to us or phone with your instructions and NYO Canada will mail a note of tribute to the person of your choice.
Donate in Memory
To make a donation in memory of a loved one or other special person, write to us or phone with your instructions and NYO Canada will mail a note of condolences to the person of your choice.
For information about how to support NYO Canada with a donation of stock or other securities contact Barbara Smith at 1-888-532-4470 or 416-532-4470, ext. 222 or by email at firstname.lastname@example.org.
For information about how to leave a bequest to NYO Canada in your will, contact Barbara Smith at 1-888-532-4470 or 416-532-4470, ext. 222 or by email at email@example.com.