What is a Non-cash Asset?

A non-cash asset contribution is a gift to a nonprofit or a charity that comes in many forms including real estate, cryptocurrency, privately held business interests, or even fine art and valuable collectibles. By donating all or part of your non-cash assets to FINCA Canada, you will benefit from tax deductions. Most important, your non-cash asset contribution will support our mission to alleviate global poverty and improve livelihoods of vulnerable communities worldwide. 

Appreciated non-cash assets incur capital gains tax when sold. Instead, you can reduce or even eliminate your capital gains tax on non-cash assets when you give to FINCA Canada. The monetary value of non-cash asset contributions can be boosted by up to 20% because of the potential to eliminate capital gains tax on appreciated assets. Ultimately, your non-cash asset contribution can have a greater impact and enable FINCA Canada to provide more basic needs and services, where it matters most.