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Join the Haliburton Highlands Challenge or Donate today!
Gifts of securities are a tax-effective opportunity to transform an asset into immediate and significant support for Brooksong Retreat & Cancer Support Centre (formerly known as Abbey Retreat Centre). You can help us deliver programming and support to people living with cancer now and into the future.
High income earners need to be aware that as of June 2024 the CRA may reduce the amount of donation allowance as well as capital gains tax exemption on securities that are donated to charitable organizations as a result of the 2023 Federal Budget.
This is especially important for those who may be subject to payment of Alternative Minimum Tax (AMT).
If you intend to donate securities, you are strongly encouraged to contact a qualified professional tax advisor to see how this would affect you.
When you make a gift of securities to Brooksong, you provide community, support, and life-enhancing resources to people who are facing a cancer diagnosis.
If you have been touched by cancer, you know how healing it is to have opportunities for rest, reflection, friendship, and an introduction to practices that help soothe, strengthen, and tend to the body, mind, and soul in the midst of a cancer experience.
Brooksong’s cancer support programs are increasingly recognized as innovative and critical additions to whole-person cancer care in Canada.
Thank you for your donation. Every gift makes a significant impact.
| Sell securities for cash. Donate after-tax proceeds | Donate securities directly to Brooksong Retreat & Cancer Support Centre | |
|---|---|---|
| Market Value of Securities | $10,000 | $10,000 |
| Original Cost of Securities | $2,000 | $2,000 |
| Capital Gain | $8,000 | $8,000 |
| Tax on Capital Gain | $1,9341 | $0 |
| Donation Amount After-Tax | $8,0662 | $10,000* |
| Your Charitable Tax Credit | $3,9003 | $4,835** |
* Brooksong Retreat & Cancer Support Centre received an extra $1,934 when you donate securities directly. That’s enough to cover the cost of 1 in-person retreat participant.
** Your tax credit increases by $935
1 One-half of capital gains are added to taxable income. A 48.35% marginal tax rate has been used in our calculation of the taxable portion of the capital gain.
2 $8,066 is the $10,000 value of securities minus the estimated tax of $1,934.
3 The donation amount multiplied by the 48.35% marginal tax rate.
It is suggested you contact a qualified professional tax advisor to understand the capital gains exemption and Tax Credit that is specific to you.
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All donations up to a total $25,000 will be matched by a generous donor!
