On December 19, 2023, CRA released its final guidance on the new regime established under the Income Tax to allow for registered charities to make grants to non-qualified donees. The final guidance can be found at the following link: https://www.canada.ca/en/revenue-agency/services/charities-giving/charities/policies-guidance/charities-making-grants-non-qualified-donees.html.
We are working through this guidance and will provide a more detailed bulletin in the future outlining some general information and highlights from the new guidance. If you have any questions as to how your registered charity can operate under the new qualifying disbursement regime or about the new guidance generally, please do not hesitate to contact one of our lawyers for assistance.