We can help you setup and maintain your non-profit organization's tax exempt status by handling all the CRA reporting for you.

Each year CRA requires most tax-exempt organizations to submit Forms or tax returns if incorporated, which include the following items.

1.  Financial Statement statements should include at least:

  • a statement of assets and liabilities (balance sheet)

  • a statement of revenue and expenditures (income statement)

  • any prepared notes, such as:

  • accounting policies (for example, depreciation rates)

  • details of investments (for example, maturity dates and interest rates)

  • sources of revenue (for example, type of government grant)

  • transactions with non-arm's length parties

  • information about funds that a donor has directed you to hold for 10 years or more future obligations

2.  CRA Return Form T3010 for charities and Form T1044 for Non-profits

3.  GST returns and Payroll tax if applicable

Here's what we can do for you...

  • Review and compile your financial statements

  • Design, install and maintain your Accounting System

  • Provide training for your accounting personnel

  • Complete and file your non-profit status application and returns

  • Provide training for your board on non-profit financial statements usage and effective budget practices

  • Schools: we complete the ES Audit for you.

  • Churches: we prepare the pastoral housing allowance and other required benefit documents.

If you are starting a new not-for-profit organization we can help you prepare your organization's application for tax-exempt status.