All Nonprofits that are corporations have to file a corporate tax return with CRA regardless of whether they have to pay tax or not. Find out which obligations NPO has to fulfill.
- GST66
- PD7A
- T4
- T3010
- T2
- T1044
An NPO, as described in paragraph 149(1)(l), is a club, society, or association that is not a charity and that is organized and operated solely for:
- social welfare
- civic improvement
- pleasure or recreation
- any other purpose except profit
To be considered an NPO, no part of the income of such an organization can be payable to or available for the personal benefit of any proprietor, member, or shareholder, unless the proprietor, member, or shareholder is a club, society, or association whose primary purpose and function is to promote amateur athletics in Canada.
An organization has to file its NPO information return no later than six months after the end of its fiscal period.
If the organization has to file an NPO information return and fails to do so on time, the basic penalty is $25 per day late.
