Social Sector Fund

A practical path to implementation

  1. Next Budget

    Government confirms its intent to establish a Social Sector Fund and consults the sector to finalize the design.

  2. Legislative design

    Amendments to the Income Tax Act to set: the contribution, which foundations qualify, and Disbursement Quota treatment.

  3. Transition
    • Government and sector stakeholders establish the independent agency and its governance safeguards.
    • The CRA’s Charities Directorate prepares to administer foundations’ annual contributions.
  4. Year 1

    The board, executive leadership, membership model and first national strategic plan are put in place.

  5. Year 2
    • First contributions flow and the Fund begins investing in agreed priorities.
    • A mandatory five-year review follows.