The CRA has been sending out a “Notice of Filing Omission” to charities who don’t file their financial statements with the T3010. This is an important reminder that you don’t have to just file the T3010 - you also need to complete it properly and attach necessary schedules and financial statements.
The notice states:
“This notice is to advise that the Form T3010, Registered Charity Information Return, recently filed on behalf of the charity for its fiscal period ending ..... , did not include a copy of the charity’s own financial statements. To comply with the filing requirements, you must send in a copy of these financial statements within 30 days from the date of this notice. Failure to comply with this requirement could result in a range of actions up to and including revocation of the charity’s
Mail the financial statements to:
Canada Revenue Agency
Ottawa ON K1A OL5
You can also send them by fax to 613-957-8925.
FOR IDENTIFICATION PURPOSES, PLEASE ATTACH THIS NOTICE TO YOUR REPLY.
At a minimum, financial statements consist of a statement of assets and liabilities, and a statement of revenue and expenditures for the fiscal period. They should show the different sources of a registered charity’s revenue and how it spent its money.
By law, the Canada Revenue Agency can now make these financial statements available to the public upon request.
If you have questions about this notice, please write to the Charities Directorate at the address given above. You can also reach the Directorate by calling:
1-800-665-0354 for TTY service for persons with a hearing or speech impairment.
Visit our Web site at http://www.cra.gc.ca/charities.”
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.