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Gain tax savings when you donate your BCE shares to RCH Foundation
By December 11, 2008, Bell Canada Enterprises (BCE) will be taken over by the Ontario Teachers Pension Plan Board and its partners. If you are a BCE shareholder, you will need to sell or donate your shares by the closing date, as the shares will cease thereafter to trade on the stock exchange. Shareholders will receive $42.75 per common share*; however, in selling your shares, you will likely incur capital gains tax.
One way to avoid this tax and help RCH purchase life-saving equipment is to donate your BCE shares directly to RCH Foundation; you will not pay any capital gains tax and you’ll receive a tax receipt for the full market value of your shares.
To learn more about how to use your BCE shares to fund life-saving equipment at RCH, please call Laurie Tetarenko at 604.520.4179.
*Common shares of BCE not already owned by Ontario Teachers' Pension Plan (BCE.ca). |
