NON-PROFIT ORGANIZATIONS (NPO) INFORMATION RETURNS
A non-profit organizations (NPO) is exempt from income taxes (under Part 1 of the income tax act) on its taxable income. However, a NPO may be required to file an information return annually, unless specific exemptions apply.
These include any non-profit organization not receiving taxable dividends, interest, rental or royalty income greater than $10,000, or owning assets less than $200,000, or not being required to file an information return for the previous period.
Non-profit organizations that are not registered charities may also be required to file a T2 Corporation Income Tax Return.
Contact Equinox CPA for assistance with your NPO's filing requirements.
CHARITABLE ORGANIZATION INFORMATION RETURNS
Registered charities are required to file an information return annually within 6 months after the end of the fiscal period. Further, in addition to certain return schedules, a copy of the charity’s financial statements (including the notes) must be attached to the charity return.
Contact Equinox CPA today for assistance with the filing requirements for your charitable organization.