Do i have to file two T2 tax returns?
Do i have to file two T2 tax returns?
I am a little behind in filing my canadian corporate tax return for 2010. I started an incorporated company in sept 2009 and I haven't filed an initial return with Canada Revenue Agency and now I am doing my year end tax return for 2010. Do I have to file 2 T2 corporate tax returns or can I just file the 1 year end tax return.thanks
Thanks for the heads up. I tried calling CRA but all i get is voice mail endless loops. :-(
Answers:
Chosen Answer
Fred S: You can declare a year end any time within 12 months of incorporation. So use August 31 as your year end. Your return is due 3 months after your yearend, which was Nov 30, 2010, but there won't be any penalty if you don't owe any tax. So file your 2010 return now. Your next return won't be due until November this year.
2011-07-28 17:55:25
Fred S: You can declare a year end any time within 12 months of incorporation. So use August 31 as your year end. Your return is due 3 months after your yearend, which was Nov 30, 2010, but there won't be any penalty if you don't owe any tax. So file your 2010 return now. Your next return won't be due until November this year.
2011-07-28 17:55:25