2016-12-14 00:00:00TaxesEnglishLearn about filing the annual return with Corporations Canada for federally incorporated small businesses.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2016/12/accountant-helps-corporate-bookkeeper-prepare-federal-annual-return.jpghttps://quickbooks.intuit.com/ca/resources/taxes/federal-corporation-file-annual-return/A Federal Corporation Must File a Federal Annual Return

A Federal Corporation Must File a Federal Annual Return

0 min read

In addition to any provincial obligations that you might have, if your company is incorporated under the Canada Business Corporations Act, you must file a federal annual return as long as your company’s legal status is “active.”The return must be filed within 60 days following the anniversary of the company’s incorporation. It can be filed using the Corporations Canada Online Filing Centre or by mail using Form 22 – Annual Return. There is a filing fee of $20 for the annual return if filed online or $40 if not filed online. If your company is no longer in business, you still need to file the return until the business has been legally dissolved.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

What Forms Are Available?

Which forms are available in QuickBooks Tax? S1 Balance Sheet Information Federal…

Read more

Guide to Registering Your Self Employed Business in Canada

If you’re a self-employed business owner in Canada, you’re legally required to…

Read more

What Is a Corporation Key?

A corporation key is a password the Canada Revenue Agency (CRA) assigns…

Read more