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Message: donating stock?

donating stock?

posted on Dec 19, 2007 11:09AM

I was making a donation online to Dr.s Without Borders as a gift and saw a link where you can donate stock instead of cash.  It stated that you would get a tax reciept for the value of the shares at time of donation, and NO CAPITAL GAINS would be charged to you.

If this is so, anyone making donations would be far better to do it this way, as not to trigger a cap gain, than to give cash.  My question is, is this a Canadian rule?  The charity in question originates in France, I believe, with a branch in the US. 

I figure this time next yr, all us KXL'ers will have BIG tax bills coming!

GLTA, and Merry Christmas!

ps, solar watchers, CSIQ has made big moves, and Timinco is currently halted and might be worth keeping an eye on IMO.

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