Summary Policy

Date
October 25, 2002 (Revised September 13, 2005)

Reference Number
CSP - A03

Key Words
Accumulation - Disbursement quota

A registered charity can request permission to accumulate property for a particular purpose. This allows a charity to postpone the disbursement of funds with respect to a specified purpose, that is particular and not general in nature, rather than excuse a charity from meeting its disbursement quota.

Under the Income Tax Act, the CRA can provide to anyone that requests it, an application filed by a charity for permission to accumulate property for a particular purpose, including any information filed in support of the application.

• Confidentiality, CSP-C12.
• Accumulation of Property, CPC-005.
• Accumulation, CIL-1995-005, CIL-1996-007.
• Registered Charities and the Income Tax Act, RC4108.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(8), (9) and para. 241(3.2)(h).