We are a non-profit screening clinic, providing endoscopy
and colonoscopy screening procedures.
We are dedicated to improving access for patients requiring screening services.
We are a non-profit 10-bed residential hospice,
providing 24-hour comfort and care to adults
with life-limiting illness, and their families.
We are a non-profit ambulatory vision care centre,
providing surgical procedures, clinical vision care,
education and research. We are affiliated
with University of Toronto’s Department of Ophthalmology and Vision Sciences.
We are a non-profit Eye Bank. We collect,
process and distribute donated human eyes
and tissue for sight-saving transplants.
We are a non-profit community care program,
providing on-sight and in-home services
for older adults and adults living with disabilities.
Our goal is to enhance social, intellectual and physical well-being.
We are a non-profit long-term care home with 350 residents.
We are a place where residents feel comfortable,
independent and part of our community.
Let’s say you purchased common shares in ‘X’ Company for a cost of $20,000. If the current market value of the shares has increased to $100,000, you would have a capital gain of $80,000. If you sell these shares and donate the cash, you would need to pay tax on the capital gain. Instead, by donating the shares directly, you get a tax receipt for the $100,000 and pay zero capital gains tax. As a result, you now have a tax credit of $46,000, which is $18,400 more than would you have had if you had sold the shares and donated the proceeds. Thus, this method of giving is more tax-efficient.
*The illustration provided above is general in nature and does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek professional legal, and financial advice before deciding upon your donations to the Kensington Foundation.