Maybe it’s that picture perfect moment on campus, a lesson in the classroom or on the court, field or ice, a lifelong friendship or the development of a passion for what matters to you. As a graduate, you know Acadia, but do you realize how important you are to Acadia today? A gift from you can help students reach their goals, enrich vibrant communities and sustain our University. It will have an effect now and create a platform for future generations of Acadia students.
Your loyalty to Acadia, expressed in gifts of many kinds, encourages us in our mission. Please consider philanthropic support of Acadia in ways that are personally meaningful to you. Your gifts will:
The Canadian income tax system encourages gifts to charities by granting tax credits to individual donors (corporations may claim deductions). For annual donations under $200, you will receive a tax credit of about 22 cents per dollar donated. In Nova Scotia, for donations exceeding $200, you receive even more - about 50 cents for every dollar donated!
These are federal and provincial tax credits. The provincial tax credit varies depending on the province in which you live. We encourage you to consult with a qualified financial advisor for the most accurate information regarding your personal taxation situation.
For more detailed information regarding charitable giving, please visit the Canada Customs and Revenue Agency website.
Charitable donations may be claimed up to an annual limit of 75% of net income (100% for gifts made in the year of death, including testamentary gifts such as bequests).
Individuals and corporations who donate shares or other securities get a tax break on any resulting capital gain. As of the May 2, 2006 Federal Budget, any capital gains arising on the donation of the securities will be tax-free.
The securities must be publicly traded on certain stock exchanges; for example, the TSE, the NYSE, or certain other listed exchanges.
Unclaimed charitable donations can also be carried forward up to 5 years.
Either spouse can claim the tax credit, regardless of which spouse's name is on the charitable donation receipt.
If you are considering a gift to Acadia University, we encourage you to seek professional financial and legal advice that takes into account your unique circumstances. We also urge you to discuss your gift with a University official prior to finalizing the details of your gift arrangement.