Accounting and Filings for Charities and Non-Profits
Keep your registered status, satisfy your board and funders, and file every CRA return on time — with a CPA team that understands the non-profit sector.
Compliance protects your mission
Registered charities must file a T3010 Registered Charity Information Return within six months of year-end or risk revocation — and revocation means losing the ability to issue donation receipts, a revocation tax of 100% of remaining assets, and a difficult re-registration process. Non-profit organizations that are not charities may still have to file a T1044 information return and a T2 corporate return even though they pay no tax.
Funders and boards expect clear financial statements with restricted-fund tracking, and the CRA expects donation receipts to meet exact content requirements. Trim Tax gives charities, religious organizations, community associations, clubs and condominium corporations a reliable accounting function so leaders can focus on the mission.
Fund accounting your treasurer and your auditor can follow
Non-profit accounting differs from business accounting: restricted and unrestricted funds must be tracked separately, deferred contributions recognised correctly, capital assets handled under ASNPO, and grant spending reported back to funders on their templates.
We set up your bookkeeping so these distinctions are built in from the first transaction, produce board reports that answer the questions directors actually ask, and prepare year-end statements that a review or audit engagement can rely on where your bylaws or funders require one.
Non-profit and charity services
- Bookkeeping with fund accounting and restricted versus unrestricted tracking
- Annual financial statements (compilation or review engagement) under Accounting Standards for Not-for-Profit Organizations (ASNPO)
- Registered Charity Information Return (T3010) with all schedules and the Directors/Trustees worksheet
- Non-profit organization information return (T1044) and nil T2 filings
- GST/HST public service body rebates for charities and qualifying non-profits
- Payroll, T4 and T4A slips for staff, clergy and honoraria; clergy residence deduction (T1223) support
- Donation receipting compliance, gift-in-kind valuation guidance and split-receipting rules
- Charitable registration applications (T2050 / online) and re-registration after revocation
- Board financial reporting, budgets, cash-flow forecasts and grant reporting packages
- Disbursement quota monitoring and related-business review
- Foreign activities and qualifying-donee reporting
- CRA charity audit support and responses to compliance letters and education letters
Who we help
Registered charities and private and public foundations
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Religious organizations: churches, mosques, temples, gurdwaras, synagogues
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Community associations, sports clubs and cultural organizations
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Professional and trade associations
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Condominium corporations and housing co-operatives
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Social enterprises and non-profits considering charitable registration
Book a consultationWhy choose Trim Tax for non-profit accounting
- CPAs who prepare T3010s and ASNPO statements every year and know the CRA's charity compliance program.
- Fund accounting built into the books from day one, so restricted funds never get mixed with operating funds.
- Board-ready reporting in plain language, presented at meetings in person in the GTA or by video.
- Revocation prevention and recovery: a deadline calendar for every filing, and re-registration experience if status has been lost.
- HST rebate recovery that many organizations leave unclaimed.
- Fixed annual fees sized for non-profit budgets.
Frequently asked questions
Protect your organization's status and reputation.
Book a free non-profit consultation — call 647 243-5076 or email info@trimtax.ca.
