Non-Profit Organization (NPO), Charity, Trust, & Estate Tax Services
Non-Profit Organization (NPO)
Donovan works with each organization to ensure they remain up to date on CRA and IRS filings while assisting in the transition of relevant regulatory requirements.
Donovan works with organizations to ensure they are up to date with required tax filings and receiving a consistent and accurate financial picture for both management and your members/donors.
Trusts can be a very effective and appropriate way to allocate income or assets to the beneficiaries you choose. In doing this, you can effectively “spread the wealth” by reducing the overall tax burden.
Donovan works with each client to take advantage of all available deductions and prepare and E-File (when available) all initial/on-going/final returns in either the U.S or Canada.
Tax Returns for Charitable Organizations
As a Charity, the level of accountability to both tax agencies and your donors is increased. It is imperative to remain informed and compliant with tax reporting requirements.
Registered charities are required to file an annual Information Return on Form T3010 each year. This return discloses both financial and non-financial information with regards to the charity’s operations, fundraising and political activities, as well the assets they hold and manage. Careful attention should be paid when assets inside of the charity exceed $100k to ensure adequate disbursements are being made to maintain charitable status.
Charities can be formed for a variety of different reasons and can hold various forms, but ultimately a charity must devote it’s resources to charitable activities that benefit the public and whose income cannot benefit their members. Some of the benefits of forming a charity can include an exemption from income taxes and possibly GST/HST as well as the ability to issue charitable receipts for amounts received from members/donors during the year.
Tax Planning for Non-Profit Organization (NPO) in Canada
“My goal is to make tax season as stress-free as possible…to serve as your “interpreter”, if you will. By carefully planning your affairs and being a bit proactive, you will find the whole process relatively painless and financially rewarding.”
Download Tax Forms
T2 Corporate Income Tax Return
2016 and later tax years
T3 Trust Income Tax and Information Return
T1044 Non-Profit Information Return
T2052 Registered Canadian Amateur Athletic Association Return of Information
Information Return on Form T3010