Giving to charity: Information for donors from Canada Revenue Agency
Our Community Fund
One decision. One donation. Even if you don’t think about it for the rest of the year, your donation to the United Way of Greater Simcoe County Community Fund is improving lives in Simcoe County every day. United Way touches one in three lives. That’s approximately 150,000 people every year!
Your donation helps people who are abused and people who are addicted. You help families in distress and support troubled children and youth. You help the mentally ill, the terminally ill, and the people who care for them.
United Way of Greater Simcoe County’s Community Fund supports five priority areas:
- Healthy, stable communities;
- Reduced cycles of poverty & abuse;
- Living with independence and dignity;
- Healthy, thriving children & youth; and,
- Strong, nurturing families.
Every dollar raised by United Way in Simcoe County stays in Simcoe county, helping those most in need. YOUR donation to United Way of Greater Simcoe County's Community Fund has the potential to impact an entire community!
Ways to Donate
ONLINE
We are pleased to offer officially approved Canada Revenue Agency (CRA, formerly Revenue Canada) electronic tax receipts when you make on-line donations using your credit card. The receipt will be sent to you by email as soon as your donation has been approved. Click here to Donate Now To ensure your payment information is secure we use the Paypaq™ Payment Solutions Gateway. The Paypaq™ Payment Solutions Gateway processes your credit card information securely in real time using the latest available encryption technology. This means your payment information cannot be read as it travels over the Internet to your credit issuing institution and the United Way never receives your credit card number.
MAIL
Please mail your cheque made payable to United Way of Greater Simcoe County to: 136 Bayfield St., Suite 100, Barrie, ON L4M 3B1
PHONE
Please call our office directly at 705-726-2301. Any one of our staff members will be happy to assist you.
FOREVER FUND
Create a legacy to your community through Planned Giving. An example is the United Way of Greater Simcoe County Forever Fund, an endowment fund to support community investments on an ongoing basis. There are a range of opportunities to explore in this field. See Planned Giving for more information.
GIFTS OF SECURITIES
Donating securities is one of the many ways you can give to United Way. Recent changes to federal tax regulations make this type of giving more beneficial and efficient than ever before. By giving securities to United Way, you help build stronger communities - and you receive a significant tax credit!
Under new federal tax changes effective June 2006, you can donate appreciated securities to United Way without paying any capital gains tax. In addition, you receive a tax receipt for the full value of the shares. Previously, donors paid capital gains tax on 25 percent of the gain. While tax incentives are not the only reason to give to charity, they are an important consideration.
For your convenience the necessary forms are provided here:
Letter of Direction and Authorization Re: Transfer of Securities
Letter of Direction and Authorization Re: Deposit of Securities
A timely example is related to BCE shares which many Canadians have held for years. As a result, they may have big capital gains bills to pay when BCE is sold to a group led by Ontario Teachers' Pension Plan. One way to escape that fate is to donate enough shares so that capital gains are eliminated and a tax credit is created.
GIFTS AND INCOME TAX
Are you an individual planning to donate property? Do you own land or a building or other real estate holdings? Perhaps you own an oil painting, stamp collection or a sculpture that you are thinking of donating. Are you having your gift appraised? If so, the decisions you make may affect your tax situation. The following link will provide you with information about making a gift in the year. Gifts and Income Tax
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