CCA Bulletin 22/10 – Remuneration for charity staff: the CCA joins chorus of concern over Bill C-470

Just the Facts

As reported in CCA Bulletin 16/10,  Bill C-470 passed second reading in the House of Commons in April and is now on its way to hearings by the Standing Committee on Finance. Introduced by the Hon. Albina Guarnieri, Liberal MP for Mississauga East – Cooksville, this bill would allow the Minister of National Revenue to deregister any charitable organization, public foundation or private foundation that paid any employee $250,000 or more in total compensation (including salary, paid benefits and unpaid benefits). Effectively, this would put a compensation cap on charitable organizations and foundations. It would also allow the Minister to publish the names and compensation details of a charitable organization’s or a foundation’s five most highly paid employees, regardless of their compensation level. (more)