Whether the economic times are good or bad, there is no question that your donation could save a few lives. 

In good times you most likely have appreciated gains on your holdings.   If you're Canadian and paying capital gains taxes, you're probably well aware that you can now donate publicly listed securities to public charities without incurring any capital gains tax.  See an illustration of the benefits of making a gift of appreciated securities.

In bad or volatile times you may be looking at capital losses on your holdings. If your security value has depreciated and you are thinking of disposing of it, consider donating the cash proceeds to a charity.  You’ll receive a tax credit of approximately 46% that you can use against other income. The capital loss on the securities can be carried back three years or carried forward indefinitely to offset any capital gains and reduce your income taxes. 

In addition you might consider repurchasing the shares (after the minimum waiting period of 30 days) if you feel there is upside potential to them once the markets recover.  Lowering the adjusted cost base of your shares this way will allow you greater growth potential in the future.

What you may not be aware of is that Toronto's world-renowned Mount Sinai Hospital has just adopted a new operating model that puts us at the forefront of turning scientific discovery into leading-edge treatment for our patients.  We can now capitalize on genomic advances and knowledge, and turn research breakthroughs into patient care with unprecedented speed. 

That's why we describe Mount Sinai in a few simple words: Bright Minds. Big Hearts. The Best Medicine.

And that's why your donation could positively affect your health or the health of your loved ones.  Today, and tomorrow.

We thank you for your support, in helping us provide The Best Medicine. Simply download and complete our Gift of Publicly Listed Securities Form. Forward the form to your broker/investment advisor who will handle the transfer and forward a copy to the Mount Sinai Hospital Foundation of Toronto.

If you need more information or have any questions, call:

Bruce Herzog
Senior Director, Finance and Operations
Mount Sinai Hospital Foundation of Toronto
1001-522 University Avenue
Toronto, ON M5G 1W7

416-586-8203 ext. 8452
bherzog@mtsinai.on.ca

A charitable tax receipt will be issued based on the market value of the transferred securities, determined at the close of trading on the day our custodial agency (National Bank Financial) receives the securities. 

Mount Sinai Hospital Foundation's policy is to sell donated securities immediately upon receipt or as soon as possible thereafter.

Gifts of Securities with Capital Gains - How You Benefit