

July 31, 2010

NEWS

Donate your BCE shares to SMGH Foundation for Considerable Tax Savings

Dec 1 , 2008

The privatization of Bell CAnada Enterprises (BCE) will force the sale of all BCE shares on December 11th. Now is the opportune time for BCE shareholders to benefit from considerable capital gains tax savings by donating shares to SMGH.

Sell shares and donate cash		Donate shares directly to SMGH
Fair market value of donation (a)	$1000	$1000
Adjusted cost base	0	0
Capital gain	$1000	0
Taxable capital gain	500	0
Tax on capital gain (b)	230	0
Donation tax credit (c)	460	460
Total cost of donation (a) + (b) – (c)	$770	$540

Your taxable capital gain could be eliminated and you will receive a charitable receipt for the full market value of your gift. With your donation, you will help us to sustain SMGH as a vibrant community hospital dedicated to providing exceptional patient care.

We encourage you to contact your financial advisor about the benefits of donating gifts of securities to support local healthcare.