Form T2046 Tax Return Where Registration of a Charity Is Revoked - Canada

Form T2046 is used for the tax return where the registration of a charity is revoked in Canada. This form is used to report the revocation of a charity's registration and to calculate any tax liability that may arise as a result of the revocation. The form provides information about the revocation, the charity's assets, and the tax implications. It is important for charities to accurately complete and file this form to comply with Canada's tax laws.

The charity that had its registration revoked files the Form T2046 tax return in Canada.

FAQ

Q: What is Form T2046?
A: Form T2046 is a tax form used in Canada when the registration of a charity is revoked.

Q: When is Form T2046 used?
A: Form T2046 is used when a registered charity's status is revoked by the Canada Revenue Agency (CRA).

Q: What is the purpose of Form T2046?
A: The purpose of Form T2046 is to report the revocation of a charity's registration to the CRA.

Q: Who needs to file Form T2046?
A: A registered charity whose status has been revoked must file Form T2046 with the CRA.

Q: What information is required on Form T2046?
A: Form T2046 requires information about the charity, including its name, address, charity registration number, and the reason for the revocation.

Q: Is there a deadline for filing Form T2046?
A: Yes, a charity whose status has been revoked must file Form T2046 within 30 days of the date of revocation.

Q: Are there any penalties for not filing Form T2046?
A: Yes, failure to file Form T2046 within the prescribed time can result in penalties and other consequences as determined by the CRA.