CRA advised on November 9, 2023, that there will be a new T3010 form for those filing on or after December 31, 2023. The form will be called T3010 version 24.
We have updated the CharityData.ca website to include more 2023 filings.
We have added a link to each line with information from the CRA guide “Completing Form T3010 Registered Charity Information Return” to provide a little more context.
Most importantly, we have added new lines from the T3010 version 24 including the following lines:
- Section C – New questions C17 & C18 with 6 new lines
- Line 5850 – In the 24 months prior to the beginning of the fiscal year, did the average value of your charity’s property (cash, investments, capital property or other assets) not used directly in its charitable activities or administration:
- exceed $100,000, if the charity is designated as a charitable organization; or
- exceed $25,000, if the charity is designated as a public or private foundation?
- Line 5860 – Did the charity hold any donor advised funds (DAF) during the fiscal period?
- Line 5861 – Total number of accounts held at the end of the fiscal period
- Line 5862 – Total value of all accounts held at the end of the fiscal period
- Line 5863 – Total value of donations to DAF accounts received during the fiscal period
- Line 5864 – Total value of qualifying disbursements from DAFs during the fiscal period
- Schedule 1 – add 2 new lines
- Line 111 – What was the total value of all restricted funds held at the end of the fiscal period?
- Line 112 – Of that amount, what amount was the foundation not permitted to spend due to a funder’s written trust or direction?
- Schedule 6 – add 7 new lines
- Line 4101 – Enter the total amounts in cash and bank accounts included on line 4100
- Line 4102 – Enter the value of all short-term investments included on line 4100 with an original term to maturity not greater than one year
- Line 4157 – Enter the cost or fair market value of all land and buildings in Canada used for the charity’s charitable programs or administration
- Line 4158 – Enter the cost or fair market value of all land and buildings in Canada not used for the charity’s charitable programs or administration
- Line 4190 – Enter the value of all impact investments including those reported in any other line. For the purposes of this guide, impact investments are investments in companies or projects with the intention of having a measurable positive environmental or social impact and generating a positive financial return.
- Line 4576 – Enter the amount from line 4580 that represents the total interest and other income the charity received or earned from impact investments.
- Line 4577 – Enter the total amount from Line 4580 that represents the total amount of interest and investment income received from persons who do not deal at arm’s length with the charity.
- New Schedule 8 – Disbursement Quota
- Schedule 8 has many questions to help registered charities to calculate their disbursement quota for the current and following fiscal periods. We have added a new tab for “Disbursement Quota” to capture this change.