General   |   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.

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

Q1 2023 Investment Outlook & Portfolio Strategy
General
Jan 12, 2023

Q1 2023 Investment Outlook & Portfolio Strategy

Read our latest quarterly Investment Outlook and Portfolio Strategy document, providing a financial market recap for Q4 and our outlook for the next 12-18 months.
Market Update by Candice Bangsund
General
Jan 11, 2023

Global Asset Allocation Team Market Update – January 2023

A tumultuous year in financial markets ended on a downbeat note.
Jean-Guy Desjardins
Chairman of the Board and Chief Executive Officer
Candice Bangsund
Vice President and Portfolio Manager, Global Asset Allocation
Fiera Capital Getting on Base: Moneyballing your Portfolio Using Risk Factor Investing
Equities
May 30, 2019

Getting on Base: Moneyballing your Portfolio Using Risk Factor Investing

 What baseball can teach us about a portfolio’s risk and return.
Caroline Grandoit
Global Head of Total Portfolio Solutions