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.
24(1) 900429
G. Thornley
(613) 957-2101
Attention: 19(1)
Dear Sirs:
Re: Non-profit corporations This is in reply to your letter of April 6 1990 requesting our opinion on the non-profit status and the filing requirements of a particular incorporated association formed to promote the needs of a particular industry. We apologize for the delay in responding.
Our Comments
Questions relating tax considerations of a particular taxpayer should be addressed to your local District Taxation Office. Situations involving proposed transaction on the other hand are more appropriately the subject of an advance income tax ruling in accordance with the instructions in Information Circular 70-6R.
With respect to your question regarding filing requirements of an incorporated non-profit organization, we refer you to paragraph 3 of the Special Release to Interpretation Bulletin IT-496 which confirms your understanding that such corporations must file annual returns. Where such a corporation has not filed for several years instructions regarding filing procedures should be obtained from your local District Taxation Office.
Some of your concerns regarding excess funds are addressed in paragraphs 7,8 and 9 of IT-496. You may wish to review the comments contained therein.
The determination of offside status is a function of Audit. Additional information in this regard may be obtained at your local District Taxation Office. District Office personnel should also be able to give you information with respect to their policy regarding the matter of notices of determination raised on page 3 of your letter.
We trust that our comments will be of some assistance to you.
Yours truly,
for Director
Business and General Division
Specialty Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
Document Disclosed Pursuant to the Access to Information ActDocument Divulgué en vertu de la loi sur l'accès à l'information
All rights reserved. Permission is granted to electronically copy and to print in hard copy for internal use only. No part of this information may be reproduced, modified, transmitted or redistributed in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, or stored in a retrieval system for any purpose other than noted above (including sales), without prior written permission of Canada Revenue Agency, Ottawa, Ontario K1A 0L5
© Her Majesty the Queen in Right of Canada, 1990
Tous droits réservés. Il est permis de copier sous forme électronique ou d'imprimer pour un usage interne seulement. Toutefois, il est interdit de reproduire, de modifier, de transmettre ou de redistributer de l'information, sous quelque forme ou par quelque moyen que ce soit, de facon électronique, méchanique, photocopies ou autre, ou par stockage dans des systèmes d'extraction ou pour tout usage autre que ceux susmentionnés (incluant pour fin commerciale), sans l'autorisation écrite préalable de l'Agence du revenu du Canada, Ottawa, Ontario K1A 0L5.
© Sa Majesté la Reine du Chef du Canada, 1990
Email this Content