Donation of Securities Deadline 2024

Special provisions in the Income Tax Act eliminate the income tax on capital gains when securities are transferred to a charity “In kind”. Charitus will accept such transfers for gifts contributed to an existing or new fund. We will also act as a transfer agent, facilitating gifts to Lutheran churches and Canadian Charities that are not equipped to accept donations of securities.

  •  In-kind transfers of stocks are normally completed within 10 working days after the authorization is received at the office of Royal Bank Investor Services (RBIS). If your donation is made near the end of the calendar year, the transfer authorization form must be received by RBIS no later than December 13 to ensure that the transfer is completed by December 31 and the donation receipt can be dated in the current calendar year.
  •  In-kind transfers of mutual fund units may take 20 or more working days to complete. If your donation is made near the end of the calendar year, the transfer authorization form must be received by RBIS no later than November 29 to ensure that the transfer is completed by December 31 and the donation receipt can be dated in the current calendar year.

Please find attached our transfer form to be completed for any transfer of securities.