At MASTERTAX we are committed to serving the needs of registered charities across Ontario, Canada by providing complete services to maintain your charitable organization in good status.

We prepare and file your Annual Charity (T3010) Returns, including the Directors/Trustees Worksheet (T1235) the Qualified Donees Worksheet (T1236) and Financial Statements,

as required by the federal Government.  PLEASE NOTE: If you send CRA the wrong forms, CRA will send it back to you. After CRA returns it to you,

you must fill out and send CRA the correct forms; if you do not, your charitable status may be revoked.

Canada Revenue Agency “CRA” has recently released a document, “Consequences of non-filing” which reminds charities that their registered status can be revoked if

they fail to file the annual charity T3010 on time. The consequences of revocation for the charity are:

  • it no longer qualifies for exemption from income tax as a registered charity
  • it cannot issue official donation receipts; and
  • it may be subject to a tax equivalent to the full value of its remaining assets

Since each organization is different, we work closely with you, and Charitable organizations in Canada are regulated under the Canadian Income Tax Act

through the Charities Directorate of the Canada Revenue Agency.   There are more than 85,600 registered charities in Canada.  

There are three types of registered charities. Every registered charity is designated as a:

  1. Charitable organization; 
  2. Public foundation, or
  3. Private foundation.  

The designation a charity receives depends on its structure, its source of funding, and its mode of operation.     All registered charities, regardless of their designation,

can issue official donation receipts for income tax purposes.   Charity organization must be established and resident in Canada, operate for charitable purposes, and

devote its resources to charitable activities.  Do you have any questions?  We are here to help and if you need assistance Call today for a free consultation at 647-2290343