Jubilee United Church (JUC) is a registered charity registered with the Canada Revenue Agency. All donations to JUC are eligible for a charitable tax receipt. JUC provides a year-end tax receipt for all of the donations made during the taxation year, usually issued in February of the following year. This tax deduction can be significant, but only for those who have taxable income.
We appreciate your financial support! Donations can be made in many ways:
- Through the offering plate during Sunday worship;
- Completing and submitting a Pre-Authorized Remittance (PAR) form (PDF) to office[at]jubilee-uc.ca;
- Direct deposit through Interac;
- Donation through charitable foundations such as Canada Helps; or
- Donate through an Impact Account with Charitable Impact.
Another way you can donate is by donating shares of Canadian companies. If you hold shares which have gained in value since you bought them, and they are held in a non-registered account, the proceeds of sale will be subject to a capital gains tax when they are sold. If you are fortunate enough to be in this position and wish to donate them to JUC, then you can receive a charitable receipt for the entire proceeds of sold shares; in addition, no capital gains tax is payable on the sale.
Begin the process by arranging with your broker to submit the quantity of shares you want to donate to one of the charitable foundations mentioned below. Each of these foundations has instruction sheets on the procedure to follow. When the shares are received by the foundation they will be sold at the market and the proceeds will be added to your foundation account. The charitable foundation will issue you a charitable receipt for tax purposes for the total amount of the sale of the shares. They will then follow your instructions for distribution to your charities of choice (Jubilee United Church). Note that the money is no longer yours, but you still have discretion as to which charity or charities it goes.
It is difficult to give guidelines on the benefits of share vs. cash donation, as there are so many variables involved in tax preparation. In general, the larger the potential taxable capital gains the more likely the savings over a cash donation.
Each of the following foundations have more information on donating capital gains from investments:
Jubilee United Church 