Assets and Liabilities (Lines 40 to 54)

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In sections 2.3 (“Assets”) and 2.4 (“Liabilities”) of the Information Return for Registered Charities and Other Donees (form TP-985.22-V), you must enter:

Assets

  • liquid assets (line 40);
  • amounts receivable from founders, officers, directors, members, shareholders, trustees or any organization not dealing at arm's length with such persons (line 41);
  • amounts receivable from other sources (line 42);
  • long-term investments (line 43);
  • inventory used in activities related to the organization's objectives (line 44);
  • capital property (land, buildings, vehicles, etc.) (line 45);
  • other assets (line 46).

Liabilities

  • trade accounts payable and accrued liabilities (line 50);
  • amounts payable to founders, officers, directors, members, shareholders, trustees or any organization not dealing at arm's length with such persons (line 51);
  • other amounts payable (line 52);
  • other liabilities (line 53).
Note

Consult sections 6.2.3 and 6.2.4 of the guide Donees Required to File an Information Return (TP-985.22.G-V) for more information on these lines.

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