  Non profit organization |
Use NPO-Return to specify whether the non-profit organization has previously filed an information return or whether this is the first time. This information is needed in order to determine whether the organization should be filing an information return (T1044) this year.
Certain conditions must be met in order to file information return T1044.
The organization must be exempt from tax under paragraph 149(1)(e) or (l) of the Income Tax Act, and one of the following must apply:
* The total of all taxable dividends, interest, rentals, or royalties received must exceed $10,000. * The total assets at the end of the preceding tax year must exceed $200,000. * An information return was filed for a preceding year.
The following options are applicable for the keyword NPO-Return.
Use the keyword Non-Profit-Org to identify the type of non-profit organization. Depending on the type entered, a corresponding two-digit code will appear on information return T1044.
The following options are applicable for the keyword Non-Profit-Org.
Recreational or social organizations
Professional associations
Boards of trade or chambers of commerce
Organizations for civic improvement
Agricultural organizations
Educational organizations
Multicultural organizations
Arts or cultural organizations
Low-cost housing organization
Residential condominium corporation
Other
Use the keyword Receipts to enter the amounts received by the non-profit organization during the fiscal period.
The following options are applicable for the keyword Receipts.
Membership dues, fees, and assessments Club memberships, professional association dues, or membership fees are examples of these receipts.
Grants and payments from the governments Grants to assist agriculture and industry, or grants to promote the arts are examples of these receipts.
Interest, tax. dividends, rentals, royalties Interest from bank accounts, mortgages, taxable dividends, property rentals, and royalties from publications, music or oil are examples of these receipts.
Proceeds of disposition of capital property
Gross sales and revenues Sales and revenues from programs, services and fund raising are examples of these receipts. Any related expenses must not be deducted.
Gifts Gifts from foreign sources and gifts of capital received from a bequest or inheritance are examples of these receipts.
Other receipts (specify)
Use Acctg-Method to specify the accounting method used to record the organization's assets, if different than cost.
Use the keyword NPO-Assets to report the assets of the non-profit organization at the end of the fiscal period.
The following options are applicable for the keyword NPO-Assets.
Cash, bank accounts and short-term investments Cash includes cash on hand and on deposit, while short-term investments include treasury bills and term deposits.
Amounts receivable from members Include such amounts as loans, mortgages, and amounts connected to the sale of goods and services.
Amounts receivable from others Include such amounts as loans, mortgages, and amounts connected to the sale of goods and services.
Prepaid expenses Include such amounts as prepaid rent and insurance.
Inventory
Long-term investments Include such amounts as stocks, notes, bonds and other securities.
Immovables (land, buildings, equipment) Include such amounts as land, buildings, and equipment at their book value.
Other assets (specify)
Use the keyword NPO-Liabilities to report the liabilities of the non-profit organization at the end of the fiscal period.
The following options are applicable for the keyword NPO-Liabilities.
Amounts owing to members Include such amounts as loans, mortgages, and salaries payable owing to members of the organization.
Amounts owing to others Include such amounts as loans, mortgages, and notes to non-members of the organization.
Use the keyword Remunerations to report the total remuneration, benefits, and payments made to employees and officers of the non-profit organization.
The following options are applicable for the keyword Remunerations.
Remuneration paid to all employees & officers Include such amounts as salaries, commissions, bonuses, trips and personal transportation that have been paid out to all employees and officers including those who are or were members of the organization.
Remuneration paid to member employees & officers Include such amounts as salaries, commissions, bonuses, trips and personal transportation that have been paid out to employees and officers who are or were members of the organization.
Other payments to members Include any other paymente to members that were not made in the usual course of employment or commercial transactions.
Use the keyword Member-Info to enter the total number of members in the organization at the end of the fiscal period, and the number of members in the organization who received remuneration or other amounts during the fiscal period.
The following options are applicable for the keyword Member-Info.
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Non-Profit-Org