Completing a T2 return for a Not-for-Profit Organization (NPO) in TurboTax Business Incorporated

A non-profit may have to complete a T2 return in TurboTax Business Incorporated, and may have to complete a T1044 form.

CRA provides a T4177 income tax guide to completing the NPO information return.

A not-for-profit may also be exempt from federal income tax as a NPO within the means of section 149.

Completing a T2 return for an NPO

1. Open the T2 return.
2. Navigate to the Info page of the T2 return.
3. Select the applicable option from the drop-down menu for the question Corporation exempt from tax?:

4. Set the tax payable to "nil".

Note: If selecting option 149(1)(t), indicate on T2 line 370 how much income is exempt.

Completing a T1044 for an NPO

You may be required to fill out a T1044 for your NPO.

TTBInc includes the T1044 form: