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Gift Example
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Sell Shares donate the Cash to CDS
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Gift of Shares directly to CDS
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Market Value of Shares
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$10,000
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$10,000
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Original Cost of Shares
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$1,000
|
$1,000
|
|
Capital Gain
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$9,000
|
$9,000
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|
Taxable Portion of Capital Gain @ 50%
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$4,500
|
$ -
|
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Tax on Capital Gain @ 46.4%
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$2,088
|
$ -
|
|
|
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Real cost of your donation
|
|
|
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A) Donation Receipt
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$10,000
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$10,000
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B) Less: Tax Credit @ 46.4%
|
$4,640
|
$4,640
|
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C) Add: Tax on Capital Gain
|
$2,088
|
$ -
|
|
|
|
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Cost of Donation (A-B+C)
|
$6,728
|
$5,360
|
|
|
|
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Net Tax Savings (A-B-C)
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$3, 272
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$4,640
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