The Holidays: A time to consider charitable donations of securities

Dec 08, 2020 | Elizabeth de Groot


2020 has been an unprecedented year in so many ways, including a higher demand on many of our local charities. Charitable giving through in-kind donations not only benefits your registered charity of choice, but can also provide a tax benefit.

To encourage charitable giving, the government provides you with a tax credit when you make a personal donation to a registered charity. This donation tax credit can be used to reduce your taxes payable. This article discusses a further potential tax benefit if you donate certain securities in-kind. Read more here