Non-Profit Organization Information Return

Not all NPOs are required to file the T1044 Non-Profit Organization Information Return but if incorporated, not a registered charity and either of the following conditions applies then it must be filed within 6 months of their fiscal year-end, otherwise stiff penalties apply. The conditions include earning interest, dividend and other investment income in excess of $10,000 in the year or the organization has total assets in excess of $200,000 in the prior year.