The Recent Federal Budget has given all Canadians a great opportunity to go down the road towards directing the capital appreciated assets to charity as opposed to going down the other road in paying the full taxable rate on capital gains to the Receiver General of Canada.

The Canadian Government has recently made positive changes to the Federal Budget that will allow Canadians better incentives in which to donate to charity. While the option of donating publicly-listed securities to charities has been available for some time, the federal budget of May 2, 2006 has made it a much more attractive proposition.

Effective immediately, donors will no longer be taxed on the capital gains accrued on securities such as public company shares, bonds, mutual fund units and employee stock options donated to a registered charity. This is excellent news for the nonprofit sector and for donors.

Under the new taxation rules, if a person donates stock that was originally purchased for $400 and now has a fair market value of $1000, they will receive a tax receipt for $1000 and will not have to pay any tax on the gain.

We expect that this incentive will be well received, resulting in an increase in the number of gifts of publicly traded shares to all charities.

"Charities play an invaluable role in assisting Canadians, and in contributing to our sense of community and to important projects in the cultural, education and social sectors." Budget 2006 Department of Finance Canada.

To find out your charitable giving potential or to see how the latest budget change can assist your future giving check out Giftabulator at www.giftabulator-beta.com . Giftabulator is an easy to use online tool that can calculate the after tax impact of charitable gifts.

Canada really is a Wonderland.