What happens when a charity voluntarily terminates its registration or is revoked?

When a registered charity voluntarily terminates its registration (i.e., “winds up”), or if its status is revoked because it didn't meet the requirements of the Income Tax Act, then the organization:

• can no longer issue official donation receipts for gifts it receives;
• is no longer exempt from income tax as a registered charity;
• must transfer all remaining property to an eligible donnee, or be subject to a revocation tax equivalent to the property's fair market value; and
• will have its name and the reason for its revocation posted in Part I of the Canada Gazette.

For more information, see Revoking Registration Status.