Summary Policy

Date
September 3, 2003

Reference Number
CSP - P16

Key Words
Prescribed university

Policy Statement

Under the Income Tax Act, a prescribed university outside Canada is a qualified donee. The universities outside Canada listed in Schedule VIII of the Income Tax Regulations are prescribed to be universities the student body of which ordinarily includes students from Canada.

References

• Gift, CSP - G01.
• Qualified Donee, CSP - Q01.
• Prescribed University, CIL-1997-006, CIL-1998-025.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, para. 110.1(1)(a), ss. 118.1(1) and 149.1(1).
• Income Tax Regulations, C.R.C. 1978, c. 945, s. 3503 and Schedule VIII.