Corporations

Topics

• Corporation tax return
  Completing and filing your return and schedules.
• Payments
  How, when, and where to pay, including instalment payments.
• Corporation tax rates
  Federal, provincial and territorial income tax rates.
• Type of corporation
  Explains the different types of legal corporations that exist for tax purposes.
• Provincial and territorial tax
  Completing Schedule 5, credits, rebates, dual tax rates, business limits, and Single Administration of Ontario Corporate Tax.
• After you file your return
  Reassessments, what to do if you disagree, how to prepay tax for anticipated reassessments, and authorizing a representative.
• Business account registration
  How to register for a Business Number (BN), or additional accounts such as GST/HST or payroll.
• My Business Account
  Make online requests and view your corporation account information, such as balances and transactions, your T2 return status, and more.
• Eligible dividends
  Procedures and schedules for GRIP and LRIP, Part III.1 tax, election not to be a CCPC, and election for excessive eligible dividends.
• Functional currency
  How to elect, or revoke an election, to report in a functional currency.
• Partnerships - Elimination of corporation tax deferral
  The deferral of tax by a corporation that has a significant interest in a partnership having a fiscal period different from the corporation's tax year has been eliminated.
• Joint ventures - Elimination of fiscal period
  For tax years ending after March 22, 2011, participant taxpayers who entered into joint venture arrangements are no longer eligible to compute income as if the joint venture had a separate fiscal period.
• International Financial Reporting Standards (IFRS)
  How the CRA has responded to the change in accounting standards.