Nonprofit Organizations (NPO’s)
General guidance:
· Not-for-profit organizations are required to
file a T2 Corporate Income Tax Return annually.
· Not-for-profit
organizations may also be required to file the T1044 Non-Profit
Organization Information Return annually.
· If your not-for-profit corporation
is federally incorporated and has annual revenues over $250K you are
required by law to have an audit.
For more information, please see this page on the CRA
website.