Summary Policy

Date
September 3, 2003

Reference Number
CSP - A20

Key Words
Allowances

Policy Statement

An allowance is any periodic or other payment that an employee receives from a registered charity, in addition to salary or wages, without having to account for its use (e.g., allowance for personal or living expenses). Under the Income Tax Act, an allowance is a taxable benefit.

References

• Completing the Registered Charity Information Return, T4033B.
• Registered Charity Information Return, T3010B.
• Income Tax Act, R.S.C. 1985 (5^th supp.) c. 1, ss. 6(1).