Statutes 2

How Must a Charitable Organization Allocate its Resources?

Devoting Resources to Charitable Activity

Income Tax Act S. 149.1 (6) A charitable organization shall be considered to be devoting its resources to charitable activities carried on by it to the extent that

(a) it carries on a related business;

(b) in any taxation year, it disburses not more than 50% of its income for that year to qualified donees; or

(c) it disburses income to a registered charity that the Minister has designated in writing as a charity associated with it.

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