Social Impact Newsletter

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January 11, 2017

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NPO Tax Returns – Late Filing

Robert B. Hayhoe

Incorporated non-charitable not-for-profit organizations (“NPOs”) must file a T2 tax return with the Canada Revenue Agency (“CRA”) just like a taxable for-profit corporation. Additionally, each NPO, regardless of organizational form, that meets certain financial thresholds must file a T1044 Non-Profit...

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CRA Publishes First Ever Report on the Charities Program 2015-2016 – Summary and Commentary

Natasha Smith

On December 30, 2016, the Canada Revenue Agency (“CRA”) published its Report on the Charities Program 2015-2016 (the “Report”).  Referred to by Bob Hamilton, Commissioner of the CRA, as a “means for CRA to improve its own transparency” on the...

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CRA Releases New Administrative Form for Updating Director, Trustee and Like Official Information

Natasha Smith

Registered charities are required to keep current the information recorded with the Canada Revenue Agency (“CRA”). Specifically, registered charities are required to update CRA with respect to changes made to any of the following: legal name; legal status; purposes; bylaws;...

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