Bill C-470

3rd Session, 40th Parliament,

59-60 Elizabeth II, 2010-2011

house of commons of canada

BILL C-470

An Act to amend the Income Tax Act (disclosure of compensation — registered charities)

Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows:

1. (1) Subsection 149.1(1) of the Income Tax Act is amended by adding the following in alphabetical order:

“compensation” includes salaries, wages, commissions, bonuses, fees and honoraria, plus the value of taxable and non-taxable benefits;

(2) Paragraph 149.1(15)(b) of the Act is replaced by the following:

(b) the Minister shall, unless otherwise justified, make available to the public in such manner as the Minister deems appropriate an annual listing of all registered or previously registered charities indicating for each

(i) the name, location, registration number, date of registration and, in the case of a charity the registration of which has been revoked, annulled or terminated, the effective date of the revocation, annulment or termination, and

(ii) the name, job title and annual compensation of any executive or employee who is paid aggregate compensation in respect of a taxation year of the executive or employee exceeding $100,000 (which amount of $100,000 is to be indexed, in respect of the 2012 and following taxation years as if it were referred to in subsection 117.1(1));

(3) Section 149.1 of the Act is amended by adding the following after subsection (15):

(15.1) Every registered charity that pays aggregate compensation to any executive or employee in respect of a particular taxation year of the executive or employee exceeding $100,000 shall, in addition to the public information return required to be filed under subsection (14) for the taxation year of the charity in which the particular taxation year ends, file with the Minister as an attachment to that return, the information described in subparagraph (15)(b)(ii).

2. Section 1 applies to the 2012 and subsequent taxation years.