Registered Charities Taxation Requirements

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

Tax exempt entity under Part 1 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 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 you qualify as a registered charity, we would be happy to discuss with you.

Anita Johnson, Partner, Not-for-Profit Lead
Renee Martin, Partner