Social Impact Newsletter

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December 15, 2022

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Revisiting the “new” testamentary donation rules

Darren Lund

The legal landscape for testamentary charitable gifts underwent a significant sea-change in 2015. In that year, amendments to the Income Tax Act (Canada), R.S.C. 1985, c.1 (5th Supp.) (“Tax Act”) were implemented that apply to deaths occurring on or after...

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CRA releases draft guidance on new qualifying disbursements rules, invites feedback

Stephen Hsia, Kristina Roberts

The CRA’s Charities Directorate has issued its long-awaited draft guidance on “Registered charities making grants to non-qualified donees“. The Income Tax Act was amended on June 23, 2022 to include new rules on “qualifying disbursements” (Read our previous article on...

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New year, new disbursement quota

Kristina Roberts

Update: Since the initial release of this article, Bill C-32 received Royal Assent on December 15, 2022. Since Federal Budget 2022 was released back in April, the charitable sector has been awaiting confirmation that the proposed increase to the disbursement...

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Displaying 1-3 of 3