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Meal /Operation Donations
An important part of Perram House' "home like"
environment is its home cooked meal
program with their wonderful aromas.
A donation of $1,000.00 will support this program
and other operating costs for one month
and provide you with recognition on Perram
House's web site.
Supplies Donation
A fully operational hospice consumes a lot of
supplies, including among other things,
rubber gloves, paper towels, and cleaning
supplies
A donation of $500.00 will support this program
and other operating costs for one month
and provide you with recognition on Perram
House's web site.
Donation of Shares
When shares of a publicly traded company are
donated to a charity, they are sold by the
charity and a tax receipt is issued for
proceeds from the sale.
There is no capital gains tax due on the
transaction
A Portfolio Management
Strategy to Consider:
Share donation in lieu of a dollar donation is a good way to
eliminate accrued capital gains
exposure on shares in your investment portfolio. It is also
good house keeping for your
portfolio
1.
Determine the amount that you want to donate to
the charity (in dollars)
2.
Donate those shares in your portfolio which have
realized the largest capital gains
and get a tax receipt for their value
3.
Use your cash to purchase new shares to replace
the ones that you just donated.
4.
The end result is that you still own shares in the
corporation except now the cost
base is your most recent acquisition cost and
there is no capital gains obligation
associated with these shares.
How to Proceed:
Ken
Dean of Scotia McLeod 1709 Hollis St, 3rd floor
Halifax, NS, B3J 2Z1 is Perram House's,
investment Broker. He can be contacted at
Toll
free (800) 491-1986 (ext 18707)
Local
(902) 420-8705
e-mail:
ken_dean@scotiamcleod.com
of Scotia McLeod
Interested
donors can contact Ken and arrange for the
transfer of their securities to Perram
House's account for sale. A tax receipt
will be sent out shortly thereafter.
Flow Through Shares
This
is an advanced donation strategy which should only
be considered once one has the
benefit of independent financial tax
adviser from a professional advisor.
This
strategy combines the benefits of Flow Through
Shares with the exclusion of capital
gains obligations on donated shares
to result in a reduction in the after tax cost of
a
donation to a registered charity
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