Summary policy

The information on this page applies only for fiscal periods ending before March 4, 2010.

September 3, 2003 (Revised September 13, 2005)

Reference number

Key words

Bequest - Enduring property - Will

Policy statement

A bequest is an amount that a registered charity receives from the will of a deceased person. Under the Income Tax Act, a bequest is a gift of enduring property. Bequests are generally excluded from a charity's disbursement quota. However, bequests must be included in calculating the disbursement quota in the year in which they are spent or transferred to a qualified donee.

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