Summary Policy

Date
September 3, 2003 (Revised September 13, 2005)

Reference Number
CSP - S12

Key Words
Specified gift

Policy Statement

A specified gift results from an agreement between two registered charities. It is a gift from one registered charity to another, where the charities involved choose to make the transfer without affecting the disbursement quota of either charity. A gift becomes a specified gift if the donor charity identifies it as such in its information return for the year.

References

• Disbursement Quota, CSP - D14.
• Enduring Property, CSP-E10.
• Specified Gift, CIL-1996-002, CIL-1998-006, CIL-1999-010, CIL-2000-007, CIL-2001-011, CIL-2001-013.
• Completing the Registered Charity Information Return, T4033A.
• Registered Charities and the Income Tax Act, RC4108.
• Capital Gains and Disbursement Quota Worksheet, T1259.
• Qualified Donee Worksheet, T1236.
• Registered Charity Information Return, T3010A.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(1) and para. 149.1(1.1)(a).