News

2010 Federal Budget: Changes to Disbursement Quota

This article discusses proposed changes to the disbursement quota for registered charities. It is from globalphilanthropy.ca.

Proposed changes include:

• Removal of 80/20 disbursement rule
• Changes the capital accumulation formula
• Exemptions to organizations with qualifying assets less than $100,000 and foundations with qualifying assets of less than $25,000
• Extensions to existing anti-avoidance rules

Read the full article, Canadian Budget 2010 Announces Disbursement Quota Reform.

For more information about the federal budget, go to Budget 2010.