Get Rc4424 Completing The Tax Return Where Registration Of A Charity ... - Cra-arc Gc

This guide provides a comprehensive overview of completing the RC4424 form required for charities whose registration has been revoked. It offers clear and supportive instructions to aid users in accurately filling out the necessary fields in an organized manner.

Follow the steps to effectively complete the RC4424 form.

1. Click the ‘Get Form’ button to obtain the form and open it in your digital editor.
2. Conduct a thorough review of the introduction and general notes provided in the form, as these will guide your understanding of the necessary sections.
3. In the identification section, confirm the charity's name and Business Number (BN)/registration number, making any necessary corrections directly on the form.
4. Fill out the location of books and records, providing the name and address of the individual who has access to the charity’s records.
5. Complete the contact information section, identifying the person responsible for providing additional information regarding the charity's tax return.
6. Proceed to Section A and complete Schedule 1 regarding property owned on Day 1, ensuring to check the box if the charity owned any property.
7. Fill out Schedule 2 for income and expenditures, detailing all types of income received and expenses incurred following Day 1.
8. Complete Schedule 3 if any appropriations occurred in the 120 days leading up to Day 1, providing details for each transaction.
9. In Schedule 4, list all outstanding debts the charity had as of Day 1, including name and address of each creditor.
10. If applicable, complete Schedule 5 for transfers of property to eligible donees, ensuring to certify the eligibility of the donee.
11. In the summary of calculations section, compile your totals from the applicable schedules to determine the gross revocation tax you owe.
12. Finalize the form by signing it in the certification area, ensuring that the person authorized signs and dates the return.
13. Review the completed form for accuracy, then save your changes, print or download it, and share it as needed.

Complete the required documents online to ensure compliance with regulated charity reporting.