Summary Policy

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

Reference Number
CSP - D08

Key Words
Deemed expenditure

Policy Statement

Under the Income Tax Act, a registered charity can apply to the Charities Directorate for approval to have us treat a specified amount as if it was money that the charity had spent on its charitable programs (e.g., disbursement quota reduction, permission to accumulate property).

References

• Accumulation, CSP - A03.
• Disbursement Quota Reduction, CSP - D03.
• Completing the Registered Charity Information Return, T4033A.
• Registered Charities and the Income Tax Act, RC4108.
• Registered Charities: Community Economic Development Programs, RC4143.
• Capital Gains and Disbursement Quota Worksheet, T1259.
• Registered Charity Information Return, T3010A.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(5) and (8).