F. LEGISLATIVE AND CASE LAW
UPDATES
Bill C-470, Private
Members’ Bill
•Bill C-470 proposed a disclosure
obligation requiring charities to disclose
the name, job title, and annual compensation
of all executives or employees who receive
$100,000 or more (including taxable and non-taxable income) in compensation
•Prior to amendments, a charity that paid a single executive
or employee annual compensation over $250,000.00 may be subject to
revocation
•As a result of the dissolution of Parliament on March 26,
2011, Bill C-470 died on the order paper, unlikely that
the Bill will be re-introduced
•However, the charitable sector will need to carefully monitor
what may develop in the future concerning compensation disclosure
requirements
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