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Tax Benefits

Charitable tax receipts are issued for those who give to NSCAD University and donors are recognized in the Donor Report, which is part of the NSCAD’s Annual Report.

NSCAD University is registered as a charitable organization with the Canada Revenue Agency, charitable Number 107788192RR0001, and is authorized to issue receipts for income tax purposes.

Canada Gifts
Donors receive an income tax receipt for contributions of $10 and above. The receipt may be used to claim the charitable tax credit.

Do you qualify for the new First-Time Donor’s Super Credit?
For the 2013 taxation year, an individual can qualify for a First-Time Donor’s Super Credit if neither the individual nor the individual’s spouse or common-law partner has claimed the charitable donations tax credit in any of the five preceding tax years. The First-Time Donor’s Super Credit will be given an additional 25% charitable tax credit on donations up to $1,000. Visit Canada Revenue Agency for more details. 

American Gifts
Under the Canadian-US income tax convention, US donors are entitled to an income tax deduction for contributions to NSCAD University if the donor or a family member is or was enrolled at the university.

US donors who are not alumni, or have a family member that is or was enrolled at the NSCAD University, can make a donation to NSCAD through the Council for Canadian American Relations. Visit Council for Canadian American Relations for more details.

Gifts of Stocks
A tax change announced in the 2006 federal budget means donors pay no tax on capital gains when they donate publicly listed securities (i.e. shares, bonds, mutual funds) to registered charities.

If you own publicly traded securities that have increased in value, you will pay tax on them when they are sold. But, as of May 2006, if you donate the securities to a registered charity you pay no tax and still receive a charitable receipt for the full market value of the securities.

For example, the following scenario assumes both a tax rate of approximately 46.5 per cent and that other charitable donations for the year exceed $200. The general annual limit on charitable donations is 75 per cent of net income. Donation claims may be carried forward up to five years.

 TAX BENEFIT OF DONATING SECURITIESSell securities & donate   Donate securities
 Fair market value of donation                     $10,000.00             $10,000.00
 Typical cost basis of securities                       $4,000.00               $4,000.00
 Capital gain on security                       $6,000.00               $6,000.00
   
 Taxable portion of capital gain         50 % of $6,000.00                           .00
   
 Taxable on capital gain (cost)                        $1,395.00                          .00
 Value of Charitable Donations Credit                        $4,650.00              $4,650.00
   
 Net tax savings  
 Tax credit                         $4,650.00             $4,650.00
 Tax payable on gain                       - $1,395.00                          .00
 Net tax savings                         $3,255.00              $4,650.00
   
 Donation receipt                       $10,000.00

            $10,000.00

To be eligible for this tax exemption, the securities must be: publicly traded; appreciated in value; and donated or in-kind to a registered charity.

Please see: Agreement to Donate Publicly Listed Securities (PDF)

For more information, please contact the Office of University Relations at NSCAD University at 902-494-8244 or email nscad.ca

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BE A CHANGEMAKER

NSCAD's 2016-17 Annual Fund is dedicated to enhancing the student experience at NSCAD through scholarship and bursary support.

We invite you to make a gift to NSCAD's Annual Fund, either by using our online donation option or by downloading the Annual Fund donation form (PDF)

Graham-Ross
“I cannot wait to be at school this fall and grow, not only as an artist, but as a person as well. Thank you for the gift of opportunity. I will use it to the best of my human ability. This scholarship means the world to me and I will make you proud.” - Graham Ross (BFA 2019)

Lindsay-Jacquard “This award makes a difference for me both financially and emotionally. To be recognized for my accomplishments is a boost to my confidence, as a student and an artist.” - Lindsay Jacquard (BFA 2016)

NSCAD-Scholarship-57“When someone makes the choice to be an artist, it’s not easy. For a lot of people, they incur debts as students and then they graduate and find a job. But as an artist, you still might have to go through a period where you are developing a style and getting a career rolling. We want to recognize that struggle and support artists.” - Doug Pope, president of the Robert Pope Foundation

Brian-Sloan-2“While a student I was asked if I could ‘explain what is going on here.’ I thought for a moment and had no words to explain the range of experience I was receiving through NSCAD. Now, some 20 years later I still have no answer to that question but I do know that NSCAD changed my life. I hope that my little gifts of gratitude help the students of today along their chosen path of studies.” - NSCAD alumnus Brian Sloan (BFA 1993)