Updated CRA Filing Guidelines for Charities with Internal Trusts

Updated CRA Filing Guidelines for Charities with Internal Trusts

On Friday, November 10th, the Canada Revenue Agency (CRA) announced that all registered charities, including charitable foundations, are now exempt from filing the T3. This positive development comes in response to concerns voiced by numerous charitable leaders across Canada, including CCVO's role on the Revenue Canada Charities Directorate Technical Issues Working Group. We are pleased that the CRA is actively attentive to the sector's needs.

Charities that are corporations no longer a need to file T2 during charitable status, and those managing internal trusts don’t require T3 filing. This decision is not only a relief but also a significant step in reducing red tape, allowing charities to focus more on supporting our sector and the communities we serve. Find more details about the CRA's announcement here.

The government has announced changes to the Temporary Foreign Worker Program Workforce Solutions Road Map to help employers fill job vacancies in the wake of labour shortages. The extended measures will be in place until August 30, 2024.