Annual CRA Reporting

With changing disclosure requirements, annual government reporting can be challenging for charities to complete. There are serious consequences for charities which submit incomplete information or mistakenly omit information.

TL Professional Corporation has experience in preparing annual Registered Charity Information Return (T3010) and related forms and schedules for registered charities.

Grant Compliance and Reporting

Every grant requires specific reporting upon usage of the grant at the end of the grant term. Any expenses that do not fit the grant criteria would be rejected and the organization might have to return that portion of cash back to the grant. This brings a huge impact to the organization’s cash flow and operation.

TL Professional Corporation can assist not-for-profit organizations to set up internal controls to ensure the disbursements meet all grant criteria. This mitigates the risk of unqualified disbursements and lowers the time and stress during the grant reporting process.

We can also assist not-for-profit organizations to prepare grant compliance reporting, which address all reporting criteria requested by the grant.

Payroll and T4 Reporting

TL Professional Corporation can assist not-for-profit organizations with payroll operations. We calculate payroll source deductions and create pay stubs for employees. We can also prepare T4 Statement of Remuneration Paid slips for not-for-profit organizations.