Summary Policy

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

Reference Number
CSP - T06

Key Words
Ten-year gift - Enduring property

Policy Statement

A ten-year gift is a donation that is made subject to a donor's written trust or direction that the gift be held by a registered charity for 10 years or more. Under the Income Tax Act, a ten-year gift is a gift of enduring property. These gifts are generally excluded from the disbursement quota. However, when 10-year gifts are spent or transferred to a qualified donee, they must be included in calculating the disbursement quota.

References

• Donor, CSP - D17.
• Disbursement Quota, CSP - D14.
• Enduring Property, CSP-E10.
• Gift (donation), CSP - G01.
• Portion of 10-year Gift of Shares Disposed of Included in Disbursement Quota Calculation, CPC - 021.
• Ten-Year Gift, CIL-1998-028, CIL-1999-008.
• Completing the Registered Charity Information Return, T4033A.
• Capital Gains and Disbursement Quota Worksheet, T1259.
• Registered Charity Information Return, T3010A.
• Registered Charities and the Income Tax Act, RC4108.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(1).