Income

For a charity, the amount by which the total of the amounts received by an organization in a taxation year exceeds the total expenditures incurred to obtain the amounts. The amounts received include gifts, other than: 

• designated gifts;
• gifts of capital received by way of bequest or inheritance;
• gifts received subject to a stipulation that the property in question (or substituted property) must be held for at least 10 years;
• gifts received by a religious order, or by the body that administers the property of a religious order, if the gifts are made by a member of the religious order who has taken a vow of perpetual poverty;
• gifts received from another charity, where they are reported by the donor as designated gifts, or do not constitute income of the donor; or
• gifts for which the charity did not and will not issue official receipts (for example, gifts from anonymous or tax-exempt donors, or amounts from collection boxes).

For other organizations, the amount by which the organization's total revenue exceeds the total expenditures incurred to obtain the revenue, assuming the organization did not realize a capital gain or sustain a capital loss to be reported on line 22 of the return.