What are the changes impacting not-for-profit corporations?
A13. For tax years ending after December 31, 2008, not-for-profit corporations are required to file their Corporations Information Act Annual Return within six months after the end of their tax year-end. They no longer file within 60 days after the anniversary of incorporation or amalgamation. The Ontario government no longer provides an Annual Return ‘turnaround’ document to not-for-profit corporations. Not-for-profit corporations that are charities registered under the federal Income Tax Act, however, will receive a ‘turnaround’ Corporations Information Act worksheet from the Canada Revenue Agency that must be filed together with their T3010 Registered Charity Information Return. Please refer to Q7 for more information.
