The following provides the lists of RCAAAs and information about their obligations under the Income Tax Act.
Further information on the measures applicable to RCAAAs as a result of Budget 2011 is being developed. Until this information becomes available, go to Enhancing the regulatory regime for registered Canadian amateur athletic associations.
For information on how to apply for registration as an RCAAA, go to Canadian amateur athletic associations.
RCAAAs can issue official donation receipts for income tax purposes for gifts that they receive from corporations or individuals.
Official donation receipts must be legible and cannot be readily altered. Each receipt must include:
If an official donation receipt is being issued for non-cash gifts (gifts in kind), it must include these additional elements:
To maintain their qualified donee status, RCAAAs must keep adequate books and records containing:
Books and records must be kept at the Canadian address that the RCAAA has on file with the CRA and must be provided to the CRA on request.
Books and records include, but are not limited to:
Books and records also include source documents, such as:
For more information about maintaining proper books and records, including the types of records that should be kept, retention periods, and electronic records, see Guide RC4409, Keeping Records.
The CRA now has additional tools to encourage compliance with the requirements of the Income Tax Act. Previously, if an RCAAA failed to comply, CRA’s only recourse was to revoke its registered status. As of January 1, 2012, the CRA can apply new intermediate sanctions that include financial penalties and the suspension of qualified donee status. This means an RCAAA could lose its right to issue official donation receipts and to receive gifts from registered charities for one year.
Sanctions are often the result of an audit. The CRA’s administrative practice is to provide written reasons for any proposed sanction or decision, and give organizations an opportunity to respond.
For a list of sanctions that apply to RCAAAs, go to Penalties and suspensions.
An RCAAA that objects to an assessment or a notice can appeal the CRA’s decision by filing a notice of objection within 90 days after the day on which the notice was mailed. The notice of objection must be in writing and provide the reasons for the objection and all the relevant facts.
For more information about this process, go to Objections and appeals.