Special message for BCE shareholders
You can do good while reducing your capital gains
Bell Canada is being sold and the sale transaction will finalize in the first quarter of 2008. The purchasing company will buy your shares at a proposed price of $42. 75 at that time. If you have held these shares for a long time, you could face significant capital gains tax from the buyout. You can reduce your capital gains tax payable by transferring a portion of your shares to a charity like the Canadian Red Cross. The Canadian government has eliminated tax on capital gain when shares are donated to a charity. You can then use your charitable tax receipt to apply against gains in the shares you have kept.
To find out more about transferring your shares to the Canadian Red Cross, please contact Tom Scinto at: 1-866-497-7449 or e-mail: securitygifts@redcross.ca.
For more information, contact your local Legacy Representative.
