CO-17.SP, Information and Income Tax Return for Non-Profit Corporations

Non-profit corporations will be able to use the CO-17.SP return, Information and Income Return for Non-Profit Corporations (Access Code: QJSP), to file their return starting with version 2.0 – 2004. However, it is to be noted that non-profit corporations eligible for certain tax credits must continue to file a CO-17 return, Corporation Income Tax Return (Access Code: QJ), to claim these credits.

Consequently, non-profit corporations will be able to use either the CO-17 return or the CO-17.SP return to fulfill their legal obligation to file a tax return. The Information and Income Return for Non-Profit Corporations includes, in Part 2, the information required for tax-exempt entities. This means that corporations who use the CO-17.SP return and complete Part 4 of the return are no longer required to file the TP-997.1 return, Information Return for Tax-Exempt Entities (Access Code: 9971).

Although administration of corporate tax can be done with either of the two separate returns, the Ministère du Revenu du Québec has chosen to use a single COR-17.W form, Keying Summary for the Corporation Income Tax Return (Access Code: QKS), for returns that are produced using software. The keying summary has been restructured in order to reflect this new reality.

On the summary, the filing of the CO-17.SP return involves the following:

the return will be identified by an 'X' in the “CO-17.SP” field;
the opening of fields 01a, 01b, 01c, 05, 05a, 06, 08, 17, 18, 19, 20, 22, 22a, 39, 42, 42a, 42b, 435 and 441b to print data;
the other fields in Forms CO-17, CO-1136, CO-17.A.1, CO-1012, CO-1140, CO-1167, CO-1029.8.36.IN, C0-771, CO-771.R.3, CO-771.R.14, CO-786, CO-1136.CS, CO-1140.A, RD-222, COR-17.X (CO-130.A), COR-17.Y (CO-771.1.3) and COR-17.Z (CO-1137.E) will not be completed.

The CO-17.SP return contains two new cells for organizations who will be filing this return, cells 19 and 20. These cells require data entry directly in the CO-17.SP.

Please note that new cells have been added to the form to indicate the registration fees payable by the corporation, the amount paid and the method of payment chosen.

As for Form COR-17.W, an “X” will automatically appear in the cell that identifies the return as that of a non-profit corporation if the following conditions are respected: the corporation is resident in Québec, is registered as tax exempt under subparagraphs 149(1)(e) or (l) or 149(1)(j) and has not claimed refundable Québec tax credits.

Movement of information

When question 85 of the federal return indicates that the corporation is tax exempt under subparagraphs 149(1)(e) or (l) or 149(1)(j), the program establishes that the CO-17.SP return must be filed. A similar question now appears on the CO-17 return, and it will be linked to the federal question.

In addition, if Form T1044 is completed, some information in this Form T1044 will be carried over to the CO-17.SP return (Part 2) and in Form TP-997.1 (Parts 2, 3, 4 and 7).

If a credit is claimed in the CO-17 return and a non-profit organization is detected, then Form TP-997.1 will be defined as applicable and the CO-17 return will be printed. Note that the majority of the answers to the questions in the CO-17.SP return come from information entered in the CO-17.