Summary Policy

Date
October 25, 2002

Reference Number
CSP - D03

Key Words
Disbursement quota (reduction)

A registered charity can apply to reduce its disbursement quota for a particular year by completing Form T2094, Registered Charities: Application to Reduce Disbursement Quota. The disbursement quota reduction is granted only under special or extraordinary circumstances. A charity must use its disbursement excesses from prior years before relief is granted.

• Disbursement Quota Reduction, CIL-2001-002, CIL-2002-002.
• Registered Charities: Application to Reduce Disbursement Quota, T2094.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(5) and (20).