Published: September 3, 2020
Last Updated: September 3, 2020
Non-charitable not for profit corporations have to file an annual T2 return and many also have to submit a T1044 annually. Failure to file the form T1044 is subject to a fine of $2,500 per annum. A CRA voluntary disclosure will avoid penalties, interest and prosecution.
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"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
