Not For Profit Organization

As an NPO you want to focus your time furthering the cultural, educational, religious, professional and public service objectives of your organization.

You don’t want to spend your time worrying about Canada Revenue Agency (CRA) compliance requirements.

 

 

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Not For Profit Organization
 
 
Did you know that …
 
  • budget 2011 proposes to give the Minister of National Revenue the ability to revoke or suspend a charitable organization if a senior individual in the organization was previously associated with a non-compliance or a tax shelter promotion?
  • more than 33,000 charities did not file their Annual Information Returns on time in 2008?
  • if you do not include a copy of your charity’s Financial Statements with your Annual Information Return, CRA will consider it incomplete and your charitable status may be revoked?
 
We can help you meet CRA compliance requirements, ensuring that it’s complete and on time.
 

NPO Services

As well as assisting you with your accounting and bookkeeping needs, we can also help you with:
 
  • filing your Corporate Tax Return (T2 and T4117) or Registered Charity information Return (T3010)
  • understanding HST rules for charities and the complexities of the rebate application
  • understanding CRA disbursement rules and how they can affect your charitable programs
  • implementing adequate record keeping and donation slip records
  • understanding and acting upon your Financial Statement reporting requirements under Bill C-4
  • implementing a control environment for the safeguarding of your organization’s assets and cash collection policies.
 
If you would like more information on how we can help you meet CRA compliance requirements, please contact us.
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Tax Tips

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