Consequences of revocation
If your charitable registration is revoked, you:
- cannot issue official donation receipts
- do not qualify for exemption from income tax as a registered charity
- will have your name and the reason for revocation published in the Canada Gazette and in the List of charities
- must transfer all your remaining assets to an eligible donee or pay revocation tax
- will not be a charity for GST/HST purposes which could affect:
- the tax status of your supplies
- the way you calculate your net tax
- your ability to claim a rebate for GST/HST
If you use your remaining assets for your charitable activities or transfer them to an eligible donee during the winding-up period, your revocation tax may be zero.