Smith Falconer Financial Group is pleased to serve national charitable institutions – The Centre for Addiction and Mental Health Foundation (CAMH), The Princess Margaret Cancer Foundation (PMCF) and The Children’s Aid Foundation of Canada, with their stock donation programs led by our valued team member Lira Lamaca.

We recently had the privilege of visiting CAMH, Canada's largest mental health teaching hospital and one of the world's leading research centres. 

The picture above is the new Waverley House Secure Care & Recovery Building currently under construction, named in recognition of a $203 million donation from Bruce McKean and the Waverley House Foundation. The building is designed to create a contemporary healthcare environment that fosters dignity, autonomy, and secure recovery.

This life-changing support of CAMH Foundation is the largest cumulative gift to mental health in Canadian history, and the inclusion of appreciated shares made it possible. 

With the end of the year approaching, we felt it was timely to discuss the benefits of gifting publicly traded securities to charitable initiatives that are important to you.

Why donate appreciated securities?

The two main benefits are: capital gains tax savings, and the donation tax credit. 

To encourage donations of securities to registered Canadian charities, the government eliminates the capital gains tax that Canadians are required to pay on dispositions of securities that have appreciated in value, and offers a varying tax credit based on the province you live in. 

Learn more here

If you have any questions, know that Smith Falconer Financial Group is passionate about supporting clients in making extraordinary contributions to society through philanthropy and are always here to provide guidance in doing so.