Canada: Comments requested on proposed change to disbursement quota for charities

Comments regarding a potential increase of the disbursement quota for charities are requested by the Department of Finance.

Comments requested on proposed change to disbursement quota for charities

The Department of Finance has requested comments regarding a potential increase of the disbursement quota for charities.

Finance previously announced that it intended to launch public consultations as to whether to increase the disbursement quota—the requirement that charities spend a minimum amount on their charitable programs or gifts to qualified donees each year—beginning in 20222.

Comments are requested by 30 September 2021.

Read an August 2021 report prepared by the KPMG member firm in Canada

 

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