Support IM Canada

“You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. “For God loves a person who gives cheerfully.”” 2 Corinthians 9:7

Support IM Canada

“You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. “For God loves a person who gives cheerfully.”” 2 Corinthians 9:7

Choose where you would like to direct your donation.

STAFF
PROJECTS
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American Donors

For American donors, please visit our sister organization in the U.S. There you can donate to the Canadian ministry of your choice and receive a U.S. tax receipt. They will transfer the funds to International Messengers Canada where it will fund the Canadian ministry you have designated.

Once you arrive at their donation page, click “Online Donation”, then click “Give as Guest.” Next, click, “Select Gift Fund.” You will see a drop down list where you can type in “Canada” to see Canadian ministries available to donate to.

If your ministry of choice is not there, choose, “Canada-Canadian Special Project(s) (ZCP)”, and leave a separate note explaining what ministry you are giving to. 

Securities as a Charitable Gift Option

The Canada Revenue Agency does not apply capital gains tax on donations of appreciated publicly traded securities. You can benefit tremendously from this added incentive to reduce the real cost of your charitable giving or increase the amount of your gifts without increasing the cost.

The donation is generally transacted by a simple electronic transfer of shares to the charity by your professional advisor but can include gifts of paper share certificates if applicable. If paper share certificates are to be donated, please contact us first to arrange for receipt.  Please contact us for more information

If you own publicly traded securities, outside of a registered account (RRSP, RRIF, TFSA), which have increased in value since you purchased them, and you donate them in-kind to a charity, you will realize even more tax savings than you would if you sold the securities and gave the cash.

If you sell the securities, 50% of the capital gain will be taxable income. However, if you donate the securities in-kind, the taxable capital gain is avoided, and you will receive a charitable receipt for the complete market value of the securities, on the day we receive the securities in our account.

Let’s say you purchased common shares in ABC Company for a cost of $10,000. If the current market value of those shares has increased to $50,000, you would have a capital gain of $40,000. 

  • If you sell those appreciated shares and donate the cash proceeds to IMCS, you will owe tax on 50% of the capital gain.
  • If, however, you donate the shares in-kind and transfer the shares directly to IMCS, you owe no capital gains tax and you’re able to receive a charitable tax receipt for the full value.
  • In this example, when the securities are donated directly to International Messengers Canada as a gift in-kind, the donor does not realize a taxable capital gain, saving you $8,000 in tax payable. The $50,000 donation receipt can then be used to off-set other income tax payable.
  • See the chart below for a financial breakdown:
Sell Securities & Donate CashDonate Securities as Gifts in Kind
Market Value$50,000$50,000
Adjusted Cost Base($10,000)($10,000)
Capital Gain$40,000$40,000
Taxable Capital Gains$20,000 (50%)$0 (0%)
Marginal Tax Rate40%40%
Tax Payable$8,000$0

Donate securities that are held in a non-registered investment account. Investments held in a registered account, such as an RRSP or RRIF, do not qualify for these tax savings.

Donate the securities that have the largest capital gain to maximize the tax savings for zero capital gains inclusion for the donated securities.

Capital gains on investments held in a tax-free savings account (TFSA) are already tax exempt. Donating these investments will not generate the same tax savings as donating securities held in a taxable investment account.

Consult with your tax or professional advisors on which stocks, bonds or mutual funds present the best gifting opportunity.

  • Shares listed on a designated stock exchange (Toronto Stock Exchange, Montreal Stock Exchange, Tiers 1 and 2 of the TSX Venture Exchange, NYSE, NASDAQ and most major foreign exchanges)
  • Shares of a mutual fund corporation
  • Units of a mutual fund trust
  • Prescribed debt obligations such as government savings bonds
  • International Messengers Canada is a registered CRA charity (Registration #: 83452 6402) and a member of CCCC (Canadian Council of Christian Charities). We send end of the year tax receipts for contributions made directly to International Messengers Canada by cheque, credit card, bank debit or Interac e-Transfer.
  • Your gifts will be used as designated with the understanding that when the current need for such a program or project has been met, or cannot be completed for any reason, the remaining funds will be used where needed most within the ministry of International Messengers Canada.