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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.

March 15, 2020

Our Response to COVID-19

As the Coronavirus (COVID-19) pandemic continues to impact all of us, we remain open for business and committed to serving our clients. Our...
March 11, 2020

Our COVID-19 Preparedness Plan

At Smythe, we recognize that we are not immune to effects of The Coronavirus (COVID-19) and continue to monitor any changes closely. As an ...
February 20, 2020

2020 Provincial Budget Highlights

On February 18, 2020, BC’s Ministry of Finance released the 2020 Budget. A summary of the Budget highlights is provided below. Persona...

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