Donate BCE shares

Save 100% of the capital gains tax by donating your shares to United Way

"The charitable tax credit would return about 40 per cent of the donation price for an Ontario resident."

Read more advantages to a gift of securities in the Toronto Star article from December 8, 2007.

Bell Canada Enterprises (BCE) is a public company that is pending privatization. Following BCE’s sale, shareholders will be asked to surrender their shares and while they will likely benefit from a significant capital gain (increase in value of the shares since purchase), they will also face some significant tax liabilities as 50 per cent of the benefit becomes part of their taxable income for the year*.

If you are a BCE shareholder, consider donating your BCE shares to United Way Toronto. By doing so, you could stand to gain in two ways:

  • Under the Income Tax Act, you do not pay any capital gains tax on publicly traded securities donated to a registered charity. (Please note that the benefit is only possible if you transfer the shares and not if you sell the shares and then donate the proceeds.)
  • As with all donations to registered charities, you will receive a tax receipt with your donation to United Way for the final value of the shares helping maximize your tax benefits.

Your generosity will strengthen individuals, families and communities by supporting services that improve people's lives.

The entire transaction is easily accomplished by completing the Share Transfer Form and calling United Way at 416 777 2001 and speak with May Chung.

*Capital gains tax does not apply to BCE shares that are held in tax sheltered RRSPs or RRIFs