Non Profit Federal Corporation - What will be the "type of corporation" when filing T2 return? - In excel format I have attached listing of Corporation

Type_of_Corporation.xlsx

Answer

Hello Ashok,

A detailed description of the drop down of 'type of corporation' can be found here from CRA. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/type-corporation....

I dont see any mention of NPO,NFP or registered charity on that page above and it may be because it can fall other various categories based on the corporation details. I would recommend to check with CRA for more information. 

Please note to complete line 085 to be tax exempt. For more information on line 085, please visit:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012/t2-corporatio...

Have a great long weekend!

Was this answer helpful? Yes No
Original
shams , Monsieur
Moderator

No answers have been posted

More Actions

People come to ProFile for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach: