Obligations

In addition to fulfilling the conditions in order to avoid cancellation of registration or recognition, an organization is required to :

• file an information return for each taxation year
• spend a minimum amount

Return

The information return (TP-985.22-V) must be completed by :

• registered charities
• registered national arts service organizations (RNASOs)
• recognized arts organizations

The organization must file the return for each of its taxation years.

Disbursement quota

The organization must spend a minimum amount during the taxation year on programs related to its objectives. 

As this amount, called the "disbursement quota," is calculated on the basis of the gifts received during the previous year, it can be determined only as of the second taxation year for which the organization files a return.

Form

TP-985.22-V
Information Return for Registered Charities and Certain Recognized Organizations