After mailing the rc1 form to cra what is next
After mailing the RC1 (Request for Certification) form to the Canada Revenue Agency (CRA), the next steps are:
- CRA Review: The CRA will review your application to ensure it is complete and accurate. This may take several weeks to a few months.
- Request for Additional Information: If the CRA requires additional information or documentation, they will contact you to request it. You will need to provide the requested information to complete the review process.
- Certification: If your application is complete and accurate, the CRA will issue a Certificate of Compliance (Form T1028). This certificate confirms that your organization meets the requirements for registration as a charity under the Income Tax Act.
- Charity Registration: Once you receive the Certificate of Compliance, you can apply for a Business Number (BN) from the CRA. This will allow you to register for a GST/HST account, if applicable, and to issue official donation receipts to donors.
- Publicly Available Information: The CRA will also make your organization's information publicly available on their website, including your name, address, and charitable purposes.
Timeline: The entire process, from submitting the RC1 form to receiving the Certificate of Compliance, typically takes 6-12 months. However, this timeframe may vary depending on the complexity of your application and the volume of applications the CRA is processing.
Next Steps: After receiving the Certificate of Compliance, you should:
- Apply for a Business Number (BN) from the CRA, if applicable.
- Register for a GST/HST account, if applicable.
- Obtain a CRA-issued charity registration number.
- Issue official donation receipts to donors.
- File annual information returns (T3010) with the CRA.
Remember to carefully review the CRA's guidelines and instructions throughout the process to ensure a smooth and successful application.