Disbursements

Summary policy

Date
October 25, 2002

Reference number
CSP-D04

Key words

Disbursements - Charitable foundation - Charitable purposes

Policy statement

To qualify for registration as a charity, a charitable foundation must be constituted and operated exclusively for charitable purposes. Charitable purpose includes the disbursement of funds to qualified donees.

References

• Guidance CG-019, How to draft purposes for charitable registration
• Policy commentary CPC-014, Funding qualified donees
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(1)