Gifts of Stock

If you have BCE shares and are wondering what to do with them, Oxfam Canada has the perfect solution consider donating your BCE shares directly to Oxfam Canada. As of the 2006 federal budget, donations of publicly traded securities to Oxfam Canada are completely tax free of capital gains taxes.

Typically, upon selling shares, holders may face significant tax liabilities, as 50% of the capital gain (the increased value of your shares since purchase) becomes part of your taxable income for the year. You can avoid this by donating and transferring your shares directly to Oxfam Canada. You will receive a charitable receipt for the appreciated value of your shares without being taxed for the capital gains caused by the privatization. You'll also be in a position to significantly help Oxfam's work.

Gifts of stock are not limited to BCE. Oxfam Canada gratefully accepts all gifts of stock from any publicly traded companies around the globe. The actual shares must be transferred to Oxfam Canada, but it is easy to authorize your broker to make an electronic transfer into Oxfam Canada's account, ensuring that the transaction is fast and seamless.

Oxfam supporters with shares in many companies, including BCE, have already benefited from this option, and we invite you to consider this as well. You'll maximize your own benefits, and increase Oxfam Canada's ability continue carrying out our work.

If you'd like more information on gifts of stock, please contact Mira Claxton in our Toronto office at 1.800.466.9326 ext. 3208.