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Receipting - Disbursement Quota
IMPORTANT NOTE: On March 4, 2010, the Minister of Finance presented the 2010 Federal Budget, which proposed several measures affecting registered charities.
Specifically, the Budget proposes significant changes to the disbursement quota calculation and related concepts, as well as strengthened measures to ensure tax-assisted funds are expended on charitable programs. These changes affect charities with fiscal periods ending on or after March 4, 2010. You can find details at www.budget.gc.ca/2010/plan/anx5-eng.html. and www.cra-arc.gc.ca/gncy/bdgt/2010/chrt-eng.html. For charities with a fiscal period ending on or after March 4, 2010, ONLY, CRA has provided the following pages of instructions on how to fill in the T3010B form.
Charity Central is reviewing the information on disbursement quota on this website. Changes will be made after the review is completed.
DQ3. Are our charity’s non-receipted gifts subject to the same rules as the receipted donations?
DQ4. What is meant by our charity’s “disbursement quota” on receipted income?
DQ5. How much do charities have to spend of their receipted gifts? What are the rules?
DQ6. What are our charitable expenses and why are they important in meeting the disbursement quota?
DQ8. What happened if our Charity spends more than or less than the disbursement quota for a year?
DQ9. What is a disbursement excess?
DQ10. What is a disbursement shortfall?
DQ11. What can a charity do if we cannot meet our disbursement quota?
DQ12. Is it possible to accumulate property outside of our disbursement quota? How can this be done?
DQ13. Will all the donations we receive be included in the calculation of our disbursement quota?
DQ14. How should our charity calculate our disbursement quota?
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