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

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1.  Financial Statement statements should include at least:

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• 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

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

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3.  GST returns and Payroll tax if applicable

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

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• 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.

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

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