What information on compensation is required by CRA in the T3010? The T3010 asks registered charities in Canada to disclose the salary ranges for its 10 highest compensated, permanent full-time employees. Charities are asked to disclose the number of employees whose salaries fall within the following range: $1-$39,999, $40,000-$79,999, $80,000-$119,999 and so on to $350,000 and over. This standard asks that all nonprofits accredited through Imagine Canada make this information publicly accessible even though they do not submit a T3010 to CRA. All Canadian charities must submit a T3010, which can be publicly accessed on CRA’s Charities Listing.
Why should organizations make information on compensation levels accessible to its stakeholders? Individual donors, corporations, foundations and governments increasingly want to understand the operating costs and expenses of charitable and nonprofit organizations. Similarly, the media has become increasingly interested in compensation levels for charities and nonprofits in Canada.1 Disclosing information on compensation levels is an important component of an organization’s financial accountability and transparency.
From "Accreditation Preparation Workbook Section B: Financial Accountability & Transparency," Katharine Zywert, Social Prosperity Wood Buffalo at the University of Waterloo, 2013.
- “Statement on Employee Compensation in the Charitable and Nonprofit Sector,” Imagine Canada, February 2012.
Standards Reference Guide