Registered charities have unique issues facing them. Registered charities include charitable organizations, as well as, public and private foundations that have registered with the CRA for charitable status. Tax advantages of a registered charity include:

  • Tax exempt entity under Part I of the Income Tax Act
  • Allows issuance of official tax receipts for gifts received
  • May qualify for a partial rebate on GST/HST paid

Charities are normally required to file:

  • T3010-1 Registered charity information return
  • TF725 Registered charity basic information sheet
  • T1235 Directors/trustees and like officials worksheet
  • T1236 Qualified donees worksheet/ amounts provided to other organizations (if applicable)
  • T2081 Excess corporate holdings worksheet for private foundations (if applicable)

For more information on your tax requirements, or to help determine if your entity qualifies as a registered charity, we would be happy to discuss with you.

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