Gifts of Stock and Other Marketable Securities

The Federal government has created tax incentives that may make a gift of stock and other marketable securities more attractive to donors. Gifting marketable securities can provide maximum benefit to the Alzheimer Society, at minimum cost to the donor.

Changes in tax laws

If you have appreciated assets (for example, stocks and bonds), you can get extra tax savings by donating them to a charity. Building upon incentives first introduced in 1997, subsequent budgets have introduced changes to income tax rules affecting the tax credit for charitable donations by individuals:

• the elimination of the capital gains tax on gifts of listed securities
• the inclusion of employee stock options in the lower inclusion rates. Some required conditions do exist. For example, the shares must be donated to the charity within 30 days of the options being exercised.

To obtain an information sheet on making a Gift of Securities to the Alzheimer Society Of Saskatchewan click here.

Gifts of RRSPs and RRIFs

A registered retirement plan is a tax deferred savings plan. You receive a tax benefit when you invest money in the plan and any interest that is earned is tax free. Only when you cash in the investment, usually during your retirement when your income is less, is your investment and any interest treated as income and subject to tax.

Often the money that has accumulated in an RRSP or RRIF remains untouched and only the minimum amount is withdrawn each year. As a result, at the time of your death, your estate can be subject to a large tax bill from the untouched income and interest remaining in the RRSP or RRIF.

The gifting of a registered plan (a Registered Saving Plan or a Registered Income Fund) can be an attractive option for making a future gift to the Alzheimer Society Of Saskatchewan. At the time of your death, the proceeds of the registered plan are gifted to the Alzheimer Society. The executor of your estate will include the full balance of the registered plan in your final tax return and will receive a charitable contributions receipt from the Alzheimer Society for the same amount.

To obtain an information sheet on making a gift of an RRSP or a RRIF to the Alzheimer Society Of Saskatchewan click here.

Contact us

The Fund Development staff at the Alzheimer Society Of Saskatchewan are available to provide, confidentially, the information and materials you need to make a charitable gift of appreciated assets or a registered savings plan. Please contact us at fund@alzheimer.sk.ca for more information.

[Note: Information on this page is not intended as specific financial planning or legal advice. You should always consult your legal advisors, financial planners and family members when considering a planned gift.]