perspectives



In 2012, I embarked on a new journey – this blog, perspectives – in hopes of providing insight into the financial markets and offer my own perspective on strategic wealth management issues. There is never a shortage of topics to share and I believe that this has been a great place to communicate with clients and friends in a timely manner, while hopefully providing value and education to my readers. Enjoy!

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Donating Securities vs. Cash
by Shelly Appleton-Benko | December 2, 2021

donation vs. cashWith Giving Tuesday just behind us, and the holiday season ahead, many of us are thinking about giving back. Did you know that when you donate eligible publicly traded securities from your investment account to a charity, your capital gain on those shares is forgiven? Here’s a quick refresher.

This strategy applies to donations of eligible securities in non-registered accounts that have appreciated in market value since purchase. By donating such securities directly from a non-registered account, rather than selling them first and donating the proceeds, you avoid the capital gains tax that would otherwise arise from the sale of the stock.

In other words, you will not have to include in your income the capital gains on donations of these securities, thus saving tax. In addition, you will receive an immediate donation tax credit based on the full market value of your donation.

Double win! You benefit, and the charity or community organization to which you donate benefits. Feel free to give us a call to discuss if this might be a good approach for your charitable donation planning.

Shelly

P.S. Remember: By claiming receipts totaling over $200 on a single tax return, you save more tax. The first $200 of charitable donations that are claimed on a single tax return receive a lower tax credit rate than the rate available on the portion of donations above this threshold.

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Contact Shelly
Shelly Appleton-BenkoShelly Appleton-Benko
BA, FCSI, CIWM, CFDS

Vice President, Director,
Portfolio Manager

Phone:     (604) 844-5327
Toll Free:  (888) 886-3586
Email  |  LinkedIn

About Shelly

Shelly Appleton-Benko is a Vice President, Director and Portfolio Manager at Odlum Brown, with expertise in strategic wealth management. She has over 25 years of investment experience, helping affluent clients build, preserve and transition wealth. Shelly’s investment philosophy focuses on high-quality companies with strong management teams and growth potential. She places a priority on owning mid to large-cap companies with dividend payment streams. You won’t find any penny stocks here! Portfolios are created with a custom blend of individually traded securities in diverse sectors listed on major indices such as the Dow Jones Industrial Average, S&P 500 Index and S&P/TSX Composite Index. Where required, Shelly maintains a fixed income portion of the portfolio by tailoring a blend of corporate bonds, preferred shares, GICs or short-term money market products. Overall, Shelly ensures you always know what you own and why. + Learn More


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Contact Shelly

Phone:     (604) 844-5327
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