Category Archives: Corporation Income Tax

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

Filing of Corporation Income Tax Toronto

For corporations in Canada who want to claim the small business deductions when filing corporation income tax Toronto or other Canadian cities such as Calgary, Vancouver, the net tax rate effective from January 2012 has been 15%. The corporation is a popular business structure form in Canada. This is because the distinction in liability protection for » Read More

Understanding Corporation 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

Filing Canadian Corporation Income Tax to CRA

Who is Liable to File the Corporation Income Tax? All Canadian corporations, whether they are non-profit organizations or inactive corporations, are required to file T2 returns. It is obligatory for these Canadian corporations to file the corporation income tax returns every tax year whether there is any tax payable or not by a corporation. Determining » Read More