Give Smarter This Year—Donate Securities In-Kind
Did you know that when you donate publicly traded securities in kind to a registered charity, you can eliminate the capital gains tax on those investments? Charitus can help you maximize your impact while minimizing your tax bill. 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 12 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 28 to ensure that the transfer is completed by December 31 and the donation receipt can be dated in the current calendar year.