Capital gains changes bring $12 million to uCalgary

March 30, 2008

In May 2006, the federal government eliminated capital gains tax on "in-kind" donations of securities to registered charities, while providing a tax receipt equal to their fair market value. In the two years since, the University of Calgary has seen a "dramatic" rise in donations of stock -- gifts of this type doubled in 2006 and 2007 from 2004 and 2005, bringing upwards of $12 million in donations to the university.  uCalgary News Release