This donation category includes cash amounts, cheques and credit cards.
In-kind donations (donation of property or securities)
To be recognized as an in-kind donation, the object of the donation must be a tangible asset (e.g., stocks, bonds and other securities listed on the stock market, segregated fund contracts, real property and other capital assets, certified cultural property, capital goods or company stocks) and not a service. This type of donation allows the donor to transfer an asset simply and easily, without having to liquidate or sell it. In cases where a real estate asset other than a principal residence is donated, 50% of the capital gain is taxable. The donation amount is calculated based on the market value of the property at the time of the donation. Costs related to the transfer of the property, e.g. the evaluation, the inspection, the certificate of location and the notary, are borne by the donor.
Donations of registered plans
This type of donation allows a person whose assets are largely frozen in registered plans to make a significant donation, either during his/her lifetime or after death. The donor can donate all or part of his/her retirement savings (RRSP or RRIF) to Mouvement Action-Découverte without having to pay taxes, while maintaining his/her right to revoke this decision and designate a new beneficiary at any time.
Source: Unicef Canada