Deemed expenditure

Summary policy

Date
September 3, 2003 (Revised September 13, 2005)

Reference number
CSP-D08

Key words

Deemed expenditure

Policy statement

Under the Income Tax Act, a registered charity can apply to the Charities Directorate for approval to have us treat a specified amount as if it was money that the charity had spent on its charitable programs (for example, disbursement quota reduction).

References

• Guidance CG-014, Community economic development activities and charitable registration
• Form T3010, Registered Charity Information Return
• Guide T4033, Completing the Registered Charity Information Return
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 149.1(5) and (8)