MACKENZIE CHARITABLE GIVING FUND
< BACK
 

Maximizing Your Tax Credits

  • Immediate tax credit of up to 75% of net income. (100% in the year of and the year prior to death)
  • No capital gains taxes on gifts of appreciated securities (some exceptions apply)

Using the Tax Credit from your donation to Mackenzie Charitable Giving Fund

Example: Kate Evans has an annual income of $95,000. She donates $50,000 to the Mackenzie Charitable Giving Fund.
 
Donation $50,000
Tax Credits
(Federal & Provincial)		 $22,500 ($50,000 X 45%)*
Total Cost of Gift $27,500 ($50,000 - $22,500)
The tax credit can be used to reduce Kate's
taxes in the year of the donation by $22,500**
 
*Assumes a combined Federal and Provincial tax credit rates of 45% as an example.
**Donation can be carried forward up to five years.

Eliminate your capital gains tax by donating your appreciated securities (publicly listed stocks, bonds and mutual funds).

Example: Kate Evans holds the Mackenzie Cundill Value Fund with a fair market value of $100,000 and wants to make a $100,000 donation to charity.
 
     
  Sell Mackenzie Cundill
Value Fund & Donate Cash		 Donate Mackenzie
Cundill Value Fund
Market Value $100,000 $100,000
ACB ($40,000) ($40,000)
Capital Gain $60,000 $60,000
Taxable Gain (50% vs. 0%) $30,000 0
Tax on Capital Gain (at 45%) (A)
 ($13,500)
 ($0)
Tax Benefit of Gift (at 45%) (B) $45,000 $45,000
Net Tax Benefit (A + B) $31,500 $45,000
Net Savings from Donating
Mackenzie Cundill Value Fund 		  $13,500
 
Working together, we can build a better world! The Mackenzie Charitable Giving Fund is designed to help you give - in your own way. Please call you financial advisor today for more information on the Mackenzie Charitable Giving Fund.
 
Give Wisely.™  
 
< Building Your Legacy Investment Options >