Gifts of Real Estate and Private Company Shares

Inspire your clients to support their charity of choice through shares.

Gifts of Real Estate and Private Company Shares

The 2015 federal budget proposed that, beginning in 2017, the capital gains exemption applicable to gifts of publicly traded securities be extended to gifts of the proceeds from the disposition of private company shares or real estate. However, the 2016 budget did not contain these provisions.

Real Estate

Real estate may be donated “in-kind” with the charity issuing a tax receipt for the fair market value based upon a professional appraisal. Any capital gain is subject to the usual capital gains tax. The charity may prefer that the donor sell the property and donate the proceeds, or a portion thereof, and receive a tax receipt for the cash donation.

Private Company Shares

It is possible to donate private company shares, but the valuation of the shares can be difficult under the current tax regime.  Appropriate business valuation expertise must be sought in this case.

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Have questions? Contact us:

Charles O'Neil: 902 442 7196
Lori Scott: 902 442 7199
Katharine Berrington: 902 442 7146

Charles O'Neil, Katharine Berrington and Lori Scott image

Resources for your practice

Professional Advisors Guide
A guide for financial advisors - CAGP
Ten articles that will make a difference in your practice.

Survey and report
CAGP report link
Understanding advisors' approaches and clients' perspectives.

The QEII Foundation inspires generosity to advance health care at the QEII Health Sciences Centre. With financial support from all levels of the community, the Foundation helps fund new technologies, research, innovation and education that contribute to life-changing moments experienced every day by patients and their loved ones.

 

 

Imagine Canada Standards Trustmark

The Standards Program Trustmark is a mark of Imagine Canada used under license by the QEII Foundation.

Contact Us

QEII Health Sciences Centre Foundation
5657 Spring Garden Road
Park Lane Mall, Suite 3005, Halifax, Nova Scotia B3J 3R4
Phone: 902 334 1546 | Toll Free: 1 888 428 0220
Fax: 902 442 7172 | Email: info@qe2foundation.ca

Charitable Business No: 88646 3496 RR0001

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