Instructions for Changes to T3010B to Reflect Disbursement Quota Reform
April 21, 2010
The Charities Directorate of Canada Revenue Agency (CRA) has released an instructional insert for completing the T3010B, Registered Charity Information Return, in light of the disbursement quota reforms announced in Budget, 2010. Changes to the disbursement quota calculation affect charities with fiscal years ending on or after March 4, 2010.
The insert identifies the lines on the T3010B which are no longer applicable, or which have been amended because the concepts of “specified gift” and “enduring property” have been eliminated from the Income Tax Act. All of the amendments to the T3010B are contained in:
- Section D: Financial Information;
- Schedule 6: Detailed Financial Information; and
- Form 1236: Qualified Donees Worksheet/Amounts Provided to Other Organizations.
A new T3010 will need to be released by CRA. For now, charities should continue to use the existing T3010B. CRA will accept these until a new form is available. The insert will be included in all return packages. CCCC is currently amending our online T3010B to provide information for users as to which lines have been affected. Members are encouraged to call CCCC for technical assistance, if required.
