....hey we authorized this stinking deal!
Help feed The Lies and Deception about tax leakage that made this deal possible
Do You Own BCE Inc. Shares? Then you owe us:
Did you know that Bell Canada Enterprises (BCE) will cease to be a publicly traded company sometime before December 11, 2008? Meanwhile you aren’t even getting paid dividends. The game’s over. Our Party saw to it. As Stephen Harper said on November 1, 2006: “ We can’t be a nation of coupon clippers”. He wasn’t kidding. BCE took him to heart.
BCE Inc. shareholders will not have the option to keep their shares and will be subject to a forced sale. Click here to read articles from the Financial Post on the BCE Inc. takeover and its implications.
Save By Donating Securities
Due to recent changes in Canada Revenue Agency guidelines, you can create a huge tax savings opportunity by donating your BCE Inc. shares, or any other securities, to a registered charitable non-profit like The Conservative Party of Canada. With a donation of stock to The Conservative Party of Canada you can:
Avoid paying capital gains tax;
Get a charitable tax receipt for the full value of your shares;
Help sustain Stephen Harper’s Ongoing Lies and Deception
It's a win-win situation for everyone involved. Screw the taxpayers of Canada, they will only lose $800 million a year from this LBO that we authorized. We were only thinking of the Party fundraising opportunities.
How do I save by donating BCE Inc. shares?
The privatization of BCE Inc. will have tax consequences for many shareholders. Since cash consideration is being offered by the group led by the Ontario Teachers' Pension Plan, the exchange of cash for shares will result in a taxable event unless those shares are held in a registered (tax deferred) account such as a RRIF or RRSP.
Shareholders will realize either a capital gain or loss on their shares depending on the adjusted cost base (ACB) of their shares, which will need to be calculated by every shareholder. That ACB is based on the original purchase price of the shares (cash cost or dividend reinvestment value), but may be affected by how long the shares have been owned, and whether a capital gains exemption was claimed at February 22, 1994.
The May 2, 2006 federal budget included provisions that resulted in donations of publicly traded securities to registered charities being 100% free of capital gains tax. Many charities such as The Conservative Party of Canada have set-up brokerage accounts which will allow them to receive donations of securities such as these BCE Inc. shares in exchange for charitable tax receipts for the full market value of the shares at the time of the donation. As long as the shares are donated before the privatization takes place (predicted to be during early 2008 by analysts) the donor not only saves any tax on the accumulated gains, but is allowed to claim the charitable donation for the full value of the donated shares.
If instead the shareholder waited until after the privatization, they would have to report any capital gain on their tax return and make the donation out of after-tax funds ? generally resulting in less cash to their charity of choice. Please contact your financial advisor for further information.
When to Donate
Now! Once the BCE Inc. sale takes place, its shares will be de-listed and will no longer qualify for the capital gains exemption. So don't wait ? donate your shares of BCE Inc. to the Conservative Party of Canada. One hundred percent (100%) of all donations will go towards funding The Conservative Party of Canada, our mandate of Lies and Deception on matters vital to Canadians, and to support our ongoing lawsuits.
How to Donate
It's as easy as 1, 2, 3!
To donate your BCE Inc. shares, or any other securities, simply fill out a Securities donation form, which you can download by clicking here You can also find more information on our website https://secure.conservative.ca/EN/1215/
2 Provide this form to your broker to initiate the transfer of donated shares with The Conservative Party's broker. Your broker should be instructed to call our Broker of Record of Goldman Sachs at (212) 861-1242 or (212)365-6007 (fax), and ask them to transfer your publicly traded securities to the Conservative Party of Canada
3. Or contact me, Doug Finlay. Chief Bag Man and Backroom Operative of the Conservative Party of Canada, to ensure quick processing of your gift of shares. A tax receipt for the full value of your shares will be issued.
Remember we can not receive cash donations by way of fax.
Please give generously.
Conservative Party of Canada
1204-130 Albert Street,
Fax your form to: (613)755-2001
Thursday, July 31, 2008
Posted by Fillibluster at 12:19 PM