Charities incorporated in Ontario will no longer file the RC232 Corporations Information Act Annual Return through Canada Revenue Agency (CRA) and the form will no longer be available for download from Canada.ca.
- As of May 7, 2021 the return will no longer be available for download.
- As of May 15, 2021, the return will no longer be filed through CRA.
Ontario has simply noted that there will be a change to the Corporations Information Act annual return process and that the government will update its webpage as more information is available.
This should be good news for charities incorporated in Ontario! Those charities won’t have the cumbersome step of filing a provincial form alongside the federal T1235. Hopefully, the new Ontario form will be simplified to a more reasonable format and the information captured more accurately than was the case with the RC232.
Noteworthy is provided for general information purposes and does not constitute legal or professional advice. Every organization’s circumstances are unique. Before acting on the basis of information contained in this blog, readers should consult with a qualified lawyer for advice specific to their situation.