Winding-up period

Summary policy

November 3, 2005

Reference number

Key words

Winding-up period - Revocation tax

Policy statement

Under the Income Tax Act, the winding-up period of a charity is the period that begins immediately after the day the Minister issues a notice of intention to revoke the registration of a charity or immediately after the day on which it has been determined that a certificate served under the Charities Registration (Security Information) Act is reasonable, and ends on the day that is the latest of:

  • the day on which the charity files Form T2046, Tax Return Where Registration of a Charity is Revoked, but no later than the day on which the charity is required to file that return
  • the day on which the Minister last issues a notice of assessment of revocation tax payable under the Act for that taxation year by the charity
  • if the charity has filed a notice of objection or appeal in respect of that assessment, the day on which the Minister may take a collection action under the Act in respect of the tax payable


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