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CIBC Private Wealth

June 08, 2023

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The tax incentive to gift securities


If you want to make a gift to your favourite charity and save more on your taxes, consider donating publicly traded securities.1 The government encourages these donations by completely eliminating the tax on the capital gains on the securities that were gifted to a registered Canadian charity, including a donor advised fund.2  

 

Click here to read the full article and learn more about how you can donate securities.


1 Eligible securities include stocks or bonds listed on a designated stock exchange, and certain mutual fund units or segregated funds. 
2 For more information, please see the CIBC report “Strategic Philanthropy”.  

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CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.