TheStar.com - Stock donors should hold off: "Stock donors should hold off
Capital-gains tax may be eliminated
Feb. 9, 2006. 07:06 AM
JAMES DAW
There's one tax-cut promise to keep in mind before you do any charitable giving this year: If you own stocks, waiting until Finance Minister Jim Flaherty delivers his first budget could pay off.
The Conservatives promised before the election to remove the tax on capital gains when a donor gives listed-company shares to a public charity.
Donors already have a significant advantage to donating securities to charity, since only a quarter of gains or profits on the donated shares are added to income instead of the usual 50 per cent."
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