What is happening?
Canada Revenue Agency (CRA) has announced that it will no longer collect annual return information on behalf of the Ontario Ministry of Government and Consumer Services.
What forms are impacted?
The change applies as of May 15, 2021 and impacts the following forms:
-Schedules 546 and 547, Corporations Information Act Annual Return for Ontario Corporations, in ProFile T2
-Schedule 548, Corporations Information Act Annual Return for Foreign Business Corporations, in ProFile T2
What if I am already working on returns with these forms?
If you are currently working on a return that contains one or more of these schedules, CRA will only process these forms if the return is filed and processed before May 15, 2021:
-a message displays in ProFile T2 on Schedules 546, 547 and 548 reminding you to file the corporation annual return directly with the Ontario business registry.
The forms will be removed from ProFile in future modules.
How is the change applied in ProFile?
ProFile users will see an in-form notification describing the change.
Where can I get more information?
Review updated details on filing an Ontario corporation annual return at ontario.ca/businessregistry.