Donating shares or mutual funds is currently the smartest way to give in Canada. When you donate shares to a charity, there is no capital gains tax on any benefit received from the sale of these securities.
If you wish to donate listed securities, you can obtain our form, the “Letter of Direction” from your Parish office or download a copy by clicking on it below.
There is no cost to use this gifting method. The Archdiocese does not charge fees or commissions of any kind. We strongly encourage you to seek professional advice from a private financial professional before deciding upon any charitable gift using personal assets.
If you have any questions, please call Margaret in the parish office at 416-926-7110 or email her at email@example.com.
To donate a publicly traded security (shares, mutual funds, etc.) to St. Basil’s Catholic Church, please complete the LETTER OF DIRECTION and fax it to the following four people:
- St. Basil’s Parish Office – Attn: Margaret D’Elia (FAX: 416-926-7134)
- The Archdiocese – Attn: Quentin Schesnuik (FAX: 416-934-3412)
- CIBC Trust – Attn: George Scott (FAX: 416-861-7058)
- Your Personal Broker
When filling out the form, your broker will supply you with the CUSIP number but this is not mandatory. The most important item for us to have is the contact information for your broker. If your broker is looking for our financial information, please have them Mary at the St. Basil’s Office directly.
Canada Revenue Agency guidelines state that the charitable donation receipt for gifts of securities are calculated using the full fair market value of the securities on the day they are received into the charity’s account.
All securities are sold as soon as possible following the transfer of ownership. The funds are sent to the designated charitable entities in their entirety. The Archdiocese of Toronto, our Churches and charities do not charge fees or take any commissions of any kind on the processing of gifts of securities.