Impact of terminating your charitable registration
Before applying for registration with the Canada Revenue Agency, your organization should be aware of the consequences that result if you later decide to terminate its registration. Once registration has been terminated, your revoked charity:
cannot issue official donation receipts for gifts it receives
no longer qualifies for exemption from income tax as a registered charity
must transfer all remaining property to an eligible donee, or be subject to a revocation tax equivalent to the property's full value
will have its name and the reason for its revocation posted in the Canada Gazette and online in the List of charities
will no longer be a charity or public institution for GST/HST purposes which could affect the tax status of its supplies, the way it calculates its net tax and its ability to claim a partial rebate for the GST/HST it pays
For more information, see Voluntary revocation.
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