LAND TRUST STARTER GUIDE

Running Your Organization to Maintain Incorporation and Charitable Status

TABLE 1: Annual Reporting Responsibilities for Charitable Land Trusts

Report

Provincial/ Territorial Corporation Annual Return

Federal Corporation Annual Return

Charitable Information Return (see CRA’s guide)

Charity Equivalent

HST Return (If registered for charging HST)

HST Public Service Bodies' Rebate (see CRA’s guide)

Inclusions

See required forms from your province or territory

form 4022

T3010, T1235, T1236 (if applicable), T2081 (if applicable), T1441 (if applicable), and a copy of financial statements

As a qualified donee you must: 1. keep proper books and records and provide these to the CRA on request, 2. ensure that any official donation receipts you issue meet the requirements of the Income Tax Act.

Personalized form will be received in the mail

Forms GST 66 and RC7066 SCH (personalized forms sent annually after first return)

Government Agency

Provincial/ Territorial

Corporations Canada

Canada Revenue Agency

Requirement/ to maintain

Mandatory/ Provincial or Territorial Incorporation

Mandatory/ Federal Incorporation

Mandatory/ Charitable Registration

Mandatory/ Qualified donee status

Mandatory/HST registration

Beneficial/ Financial

Fee

Variable

$12 (online)

None

Deadline

Variable

Within the 60 days following your incorporation anniversary date.

No later than six months after fiscal year end.

Variable

Within three months of fiscal year end.

Within four years of HST return deadline.

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