Benefits to You:
- Tax receipt based on fair market value on the day ownership is transferred
- No capital gains tax on disposition of securities if transferred directly to the university
- Amount of contribution creditable in any one year is 75% of net income. Carry-over period for excess contributions is five years
Benefits to USask:
- Immediate use
- Liquid
- Little risk
Gift examples and suitability:
- Publicly traded securities including stocks and bonds
- Suitable for owners of securities who can afford to give the asset and the interest or dividends it earns
You can donate securities electronically or by re-registering the securities in the university’s name and providing us with a stock certificate.
Transfer of securities
To facilitate a transfer of securities, please complete the Request for Transfer of Securities form and provide a copy to both the University of Saskatchewan and your financial planner.
Information required to initiate a transfer
| University of Saskatchewan Brokerage Firm: | |
| BMO Nesbitt Burns 306 – 123 – 2nd Ave S Saskatoon SK S7K 7E6 |
RBC Dominion Securities Suite 1400, 333 – 7th Ave SW Calgary AB T2P 2Z1 |
| Contact: | |
| Bonnie Guillou Telephone: 306-653-7227 Email: bonnie.guillou@nbpcd.com |
Dave Simpson Phone: 403-266-9615 Toll Free: 800-310-6484 Fax: 403-299-7100 Email: dave.simpson@rbc.com |
| University's Account Number: | |
| 610 - 05149 - 15 | 701 - 84049 - 18 |
| FINS Number: (for transfers from within Canada) |
|
| T009 (T, zero, zero, 9) | T002 (T, zero, zero, 2) |
| DTC Number: (for transfers from within the United States) |
|
| 5043 | 5002 |
| CUID | |
| NTDT | DOMA |
If you need help or would like more infomation please contact us and we can assist you.
Mr. Jones donates 1000 publicly traded shares valued at $10 per share. The shares were $4 per share when Mr. Jones bought them.
Donation receipt = $10,000
Tax credit (assume 44% tax rate)= $4,400
Capital gain = $10,000 - $4,000 =$6,000
Tax on gain =$0 (since they have been donated)
Net cost of gift = $10,000 - $4,400 = $5,600
If the shares were sold first and the proceeds donated:
Capital gain = $6,000
Taxable gain = 50% X $6,000 = $3,000
Tax on gain (assuming 44% tax rate) = 44% X $3,000 = $1,320
Net tax savings = $4,500 - $1,320 = $3,180
Net cost of gift = $10,000 - $3,180 = $6,850
Therefore, a tax savings of $1,250 will be realized if the shares are donated directly to the university instead of selling them and giving the proceeds to the university.
The information provided here is of a general nature and should not be taken as a substitute for professional advice. We urge you to consult with your advisors to ensure that a particular option is right for your financial and estate planning situation.