Insights | September 29, 2022
Increased Disbursement Quota for Canadian Charities
How can foundations and endowments preserve their wealth?
In the latest Federal Budget for the fiscal year 2023, under the initiative “Boosting Charitable Spending in our Communities,” the government is mandating that Canadian registered charities increase their disbursement quota from the current 3.5% to 5.0% annually with the goal of deploying capital for the benefit of Canadian communities.
Thus, effective January 1, 2023, all Canadian registered charities will be required to pay out 5% of their assets not used in charitable activities or administration that exceeds $1 million. Registered charities include foundations, endowments, and trusts in Canada but the term charity will be used throughout this article.
[…]
Related Insights
Insights
September 9, 2025
Global Asset Allocation Team Market Update – September 2025
In August, investors welcomed a dovish-leaning message from Federal Reserve Chair Powel at his Jackson Hole appearance – where he pivoted his focus towards downward risks to the labor market versus upside risks to inflation.
Insights
August 7, 2025
Global Asset Allocation Team Market Update – August 2025
In July, a series of trade agreements between the United States and major trading partners were met with an optimistic response from investors.