On November 9, 2023, the federal government announced measures to boost charitable spending in communities and passed legislation changing disbursement quota rules for registered charities in 2022 (these measures are explained here); with these measures in place, form T3010 needed to be updated.
In January 2024, the Canada Revenue Agency (CRA) will release a new version of Form T3010, Registered Charity Information Return, to reflect new reporting requirements. At that time, there will be two downloadable versions of the Form T3010:
- Charities with fiscal periods ending on or before December 30, 2023, should file Form T3010 using version 23.
- Charities with fiscal periods ending on or after December 31, 2023, must file Form T3010 using version 24.
Form T3010 should be downloaded from the T3010 Registered Charity Information Return page on the CRA website when you start preparing your annual information return. This will ensure you are using the correct version. If you send the CRA an outdated version of the form, they will not accept it for filing. The online form automatically presents you with the correct version of the annual information return, depending on what fiscal period you are filing for.
Registered charities report on their finances and activities annually by filing the T3010, Registered Charity Information Return. These returns include aggregate information about all the property a charity holds, including internal trusts. Registered charities should ensure these annual returns are complete and accurate, as they serve important public information and compliance purposes.
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