Insights   |   Sep 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.

Photo Caroline Grandoit
Global Head of Total Portfolio Solutions
Samuel Vallée
Samuel Vallée
Quantitative Analyst, Multi-Asset Class Solutions
Photo Sarah Aves
Senior Institutional Portfolio Manager

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

Image of Auckland, New Zealand, Panorama view, Beautiful landcape of the building in Auckland city before sunset
Jan 26, 2024

New Zealand: The Safe Haven Story

This multi-series report aims to provide a general understanding of New Zealand and explore its differentiating features as an investment safe haven.
Learn more about Fiera Atlas Global Companies Strategy: Research and Risk, a video with David Naughtin
Dec 20, 2023

Fiera Atlas Global Companies Strategy: Research and Risk

In the final video in our Atlas series, David Naughtin, Portfolio Manager, describes the team’s research process and how they think about risk.
Photo David Naughtin
Portfolio Manager, Fiera Atlas Global Companies Team