Category Archives: Corporation Income Tax Return

Unreported Foreign Income to the CRA: CRA’s Target

The tax collector is the same no matter which country you live in. They will leave no stone unturned when going after a delinquent tax payer. That’s why people with unreported foreign income to the CRA must be aware of the CRA’s new methods of getting to them.  The Canada Revenue Agency has maximized enforcement » Read More

The CRA Late Filing Penalty And Other Types of Penalties

The Canada Revenue Agency will not sympathize with you in every circumstance. If you have not filed your taxes returns for current year or previous years, for instance, the CRA demands to know why you have not. If your reasons are acceptable, the CRA might waive your penalty or interest amounts. It is not known » Read More

Canadian corporation tax filing – Residence And Non-residence Corporations

Research shows that Canada boasts the highest rate of tax collection compliance internationally. The Canada Revenue Agency’s collection efforts and tasks have also lead to the immense growth of public finance in the country. The CRA is seriously after your corporation tax filing accuracy and completeness. A big portion of CRA tax staff is assigned » Read More

Corporation Tax Filing in Canada

Corporations with operation in Canada have to file a corporation income tax return or T2 tax returns each year, even if it has remained inactive and has no tax to be paid in that financial year. Corporation tax filing has to be done every year within a period of six months of the fiscal year » Read More

Understanding Corporate Income Tax in Canada

In most countries there are various kinds of taxes and levies that must be paid. You will find frequently many variations that exist in countries, states and provinces all around the world. Corporation income tax in Canada is no exception, as there are different kinds that exist and which have to be followed. Corporation income » Read More