Information Returns for Charities & NPOs

We can help with your accounting needs.

  • This field is for validation purposes and should be left unchanged.

Information Returns for Charities & NPOs

Though many registered charities and not-for-profit organizations are tax-exempt, they still need to file annual reports to the Canada Revenue Agency. These reports will also be valuable to the organization when they are reporting their financial status for grants and other financial benefits. Not-for-profit organizations will generally need to file a T1044 while registered charities will need to file a T3010.

T1044: Non-Profit Organization Information Returns

An NPO will need to file an information return (T1044) if they meet either of the following requirements: they have interest, dividend, or investment income of over $10,000 in a year, or they had  total assets of $200,000 in the prior year. The T1044 is meant as a comprehensive return including the charity’s assets and income and is intended to be filed by the end of June in the next year. Late filing can come with a penalty of up to $2,500, which amounts to $25 per day. The T1044 is not filed alone; it is filed alongside the Corporate Income Tax Return, though the Corporate Income Tax return will generally not result in a tax payment. The T4117 Income Tax Guide to the Not-for-Profit Organization Information Return can help in creating an accurate  reporting. 

T3010: Registered Charity Information Returns

All registered charities in Canada must file the T3010 Registered Charity Information Return.The T3010 is generally accompanied with the Directors/Trustees Worksheet and the Qualified Donees Worksheet. It can be filed either on paper or online. Even charities that do not make over $10,000 a year or do not have assets totaling $200,000 in a prior year will need to file the T3010. Consequently, a not-for-profit filing a T1044 will still need to file a T3010, but the opposite is not always true. The T3010  reports its donations and general income information to the Canada Revenue Agency for the purposes of accountability.

Though payments may not need to be made, information returns for registered charities and NPOs can still be a complex and important process. Hogg, Shain & Scheck can help organize a charity’s or not-for-profit’s financial documents so that it is easier to file the required reports and ensure their accuracy and compliance.

What our clients are saying

The latest from our Blog, News, and Events

  • HSS supporting the arts community at the Dora Mavor Moore Awards

    April 16, 2018 by

    The Dora Mavor Moore Awards honour creators from over 200 theatre, dance and opera productions in 48 categories over the following major divisions: General Theatre, Independent Theatre, Theatre for Young Audiences, Dance and Opera. A jury of eight-to-ten members from the professional performing arts community votes on each award and their desired recipient. Hogg, Shain
    Read More

  • HSS Continues to Support the Arts Community at the 22nd Annual Writers Guild of Canada Screenwriting Awards

    April 12, 2018 by

    Hogg, Shain & Scheck are, once again, proud to be gold level supporters of The Writers Guild of Canada Screenwriting Awards, which are being held Monday, April 30, 2018 at the Telus Centre’s Koerner Hall. The Writers Guild of Canada (WGC) represents more than 2,200 professional English-language screenwriters across Canada. These screenwriters have written scripts
    Read More

  • Hogg, Shain & Scheck recipient of GTA’s leading accounting firm awards

    March 22, 2018 by

    Hogg, Shain, & Scheck (HSS) is pleased to announce that we have won “Best Accounting Firm” in the Greater Toronto Area (GTA) for the 2018 Acquisition International Accounting, Audit and Tax Awards as well as “Best Accountancy Firm 2018” in Toronto for the 2018 US Business News North American Excellence Awards. This could only be
    Read More

  • HSS Team Social Before Tax Season

    March 15, 2018 by

    On February 6th, Hogg, Shain & Scheck particpated in a staff Bowling Night. The event took place at World Bowl in Richmond Hill. The staff was able to strike up great conversations, let loose and interact outside of the office before the busy tax season. There was also some fun competition, with David Clarke and
    Read More