Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department. Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
SUBJECT: PERPETUAL FUND TRUST - CEMETERY SECTION: REG 204]
June 22, 1992
Assessment of Returns Directorate Business and General
Correspondence Section Division
L. Holloway
Attention: Micheline Poirier, (613) 957-2104
Chief
921773
24(1) This is in reply to your memorandum dated June 15, 1992, concerning the question of whether or not a T3 return must be filed by the 24(1)
As the trust is not a registered charity and it is an entity separate and distinct from the 24(1) we are of the opinion that this trust is not exempted from filing an annual T3 return.
Should the trust wish to exempted from filing a T3, it must apply for and receive registration from the Charities Division of Revenue Canada. However if registered, the trust would then be required to file a Charities information return T3010.
From our discussions with the Charities Division, it appears that the Department does not have an administrative policy exempting the requirement to file in such a situation.
We trust these comments will be of assistance to you.
E. Wheeler
for Director
Business and General Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
- c. c. - Charities Division
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