The CRA has updated T4117 – Income Tax Guide to the Non-Profit Organization (NPO) Information Return (CRA).  Certain non-profits that are NOT registered charities need to file the Form 1044 and this guide provides explanatory material on the CRA publication.  

Essentially if your non-profit organization (that is not a registered charity) meets the following criteria it will need to file the form:

 ■ it received or was entitled to receive taxable dividends, interest, rentals, or royalties totalling more than $10,000 in the fiscal period

■ the total assets of the organization were more than $200,000 at the end of the immediately preceding fiscal period (the amount of the organization’s total assets is the book value of these assets calculated using generally accepted accounting principles)

■ it had to file an NPO information return for a previous fiscal period