In addition to fulfilling the conditions in order to avoid cancellation of registration or recognition, an organization is required to :
The information return (TP-985.22-V) must be completed by :
The organization must file the return for each of its taxation years.
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.
TP-985.22-V
Information Return for Registered Charities and Certain Recognized Organizations