Taxation of Non-Profit Organizations
In general, non-profit organizations (NPOs) are exempt from income tax and must file an information return for tax-exempt entities at the end of each fiscal period.
Moreover, they must file the income tax or information return in the following list that corresponds to their situation and activities:
- an information and income tax return for non-profit corporations;
- a trust income tax return; or
- a partnership information return.
NPOs must file these returns even if they are exempt from income tax.