Tuesday, September 01, 2015

Donors, charities must plan to capitalize on change to capital-gains tax - The Globe and Mail

Donors, charities must plan to capitalize on change to capital-gains tax - The Globe and Mail: "The 2015 federal budget has provided a great opportunity for charities to unlock more private wealth for public good. Now is the time for all charities and prospective donors to start planning to capitalize on this opportunity.

Effective Jan. 1, 2017, donors who sell private company shares or real estate to an arm’s-length party and donate the cash proceeds or a portion of the proceeds to a registered charity within 30 days of the sale, will be exempt from capital-gains tax on the portion donated."



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