 Hugh R. Hanson
Sandy Gage & Kimberley Short
General Information
Advantageous changes to federal legislation have completely removed the capital gains tax owed on
donations of publicly traded securities to registered charities and made a huge impact on charitable
giving in Canada. This new opportunity for donors will have a tremendous impact on the Ontario SPCA's
ability to prevent animal cruelty across the province.
Like all donations to the Ontario SPCA, gifts of securities will help provide law enforcement,
adoption, community and humane education services, as well as research that will ensure the highest
quality of animal care within our adoption centres. Donations of shares will carry significant tax
advantages and substantially reduce the after-tax cost of giving, enabling more donors who are
interested in making a gift using publicly traded securities to become partners in our cause.
Prior to this legislation, investments that grew in value and were divested were subject to capital
gains tax on the appreciated value. By donating the shares to a registered charity like the Ontario
SPCA, the capital gains are now tax exempt, and the total value of the gift is eligible for a
charitable tax receipt. Many donors can now make a donation without affecting cash flow or incurring
tax liabilities.
If you are interested in learning more about making a donation of securities to the Ontario SPCA,
please contact:
Meghan Simpson,
Manager, Major Gifts & Planned Giving
at 1-888-668-7722 ext. 324.
Testimonial: Hugh R. Hanson
A delight that comes from living nearly half the year on the eastern shore of Georgian Bay is
watching the wildlife that visit the property from time to time. Bear, deer, fox, raccoon, mink,
dozens of bird species, reptiles, and lots of little rodents all show up and go about their business.
It is a great comfort to know that the Ontario SPCA Wildlife Rehabilitation Centre, located in Midland,
can care for these creatures should they be injured or orphaned.
I like to support the work of the Centre by giving securities. Using shares that had already
benefited me as investments in tax shelters (flow-through shares now converted to mutual funds), I
avoid the significant capital gains tax that would apply were I to sell them. It means that I can
be much more generous in my giving than would otherwise be possible. It's a classic win-win situation.
Hugh R. Hanson
Testimonial: Sandy Gage & Kimberley Short
As pet owners and animal lovers we try to show respect for all living things and feel that people have a
special responsibility for the species that humans have domesticated. One of the reasons we like to support
the Ontario SPCA is because its services reach down to individual communities where animals are rescued,
rehabilitated and put up for adoption at a local level. At the same time, the organization has the experience
to manage donations of securities effortlessly.
Part of our contribution to animal welfare is hands on volunteer work; giving an in-kind donation of
securities complements that effort. Our cat Sadie was a pregnant stray that we volunteered to foster
until her five kittens could be weaned. Four of her kittens were returned for adoption and we kept
the runt, who we named Ferdinand (Ferdie).
There has been a minor federal tax benefit from donating publicly traded securities for some time, but
recent changes in the law make the benefit to individual taxpayers more profound. This is why we continue
to donate mutual fund shares to the Ontario SPCA.
Sandy Gage & Kimberley Short
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