The Blumbergs' will be holding a half day program covering all of the fundamentals of the T3010 for Canadian charities. Every year Canadian registered charities must file the T3010 Registered Charity Information Return with the Charities Directorate of CRA. In November 2018 Canadian registered charities will be able to file the T3010 online which will make the process easier and quicker. If charities do not file the form, they can be revoked by CRA for non-filing. If the T3010 is not filed accurately it can be cause for suspension of a charity's receipting privileges. Find out more here.
The T3010 is a complicated form dealing with legal, accounting and operational issues. This seminar will focus on the legal and operational issues and not the accounting issues. Understanding the T3010 is essential for those involved with finance and governance at charities, as well as researchers, grant writers, funders and fundraisers.
Topics Include / You Will Learn:
• Vital Income Tax Act (Canada) definitions needed to complete the form
• The T3010 guide and its importance
• CRA Guidance and how it impacts the T3010
• Common mistakes in completing the T3010
• Consequences of incomplete or inaccurate T3010 filing
• Schedules and other documents required to be filed with the T3010
• Strategies for filing T3010 accurately and in a timely fashion
• Fixing past mistakes with the T3010
• Other mandatory and suggested transparency requirements
• Tools to review T3010 filings
• How the T3010 information is being used and misused
• Limitations of the T3010 data
• What information on the form tends to be accurate and what less so
• What changes will be taking place with electronic filing in November 2018 that you need to know
While the T3010 can be complicated and there are many ways in which a charity can show transparency, the T3010 is the minimum legal requirement of charities. The T3010 is one of the main tools that the CRA uses to decide which charity will be audited and it is often consulted by major donors and funders when making important decisions that can affect charities.
Cost: $225.00 (includes snacks and coffee, materials, and registration fees). There is an early bird discount if you enter the following promo code upon purchasing your ticket: EBT2018.
The program will be led by charity lawyer Mark Blumberg.