Canada Revenue Agency now penalizes registered charities who are delinquent in their administrative and regulatory filings. Repeated infractions can result in the revocation of charitable status. Within six months of each fiscal year end, a charity must file its Form T3010A, Registered Charity Information Return. This form will disclose whether the charity has complied with specific requirements set out in the Income Tax Act.

Benefic Compliance offers the following financial and administrative services to help Benevolent Organizations meet their regulatory requirements:

• Preparation and maintenance of unaudited financial statements
• Preparation of Form T3010A, Registered Charity Information Returns
• Calculation and allocation of disbursement quotas
• Review of Form T3010A, Registered Charity Information Returns and financial statements not prepared by Benefic Compliance
• GST registration, filings and recovery
• Guidance on accumulations, specified gifts and enduring property