Corporations

Topics

• Corporation income 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.
• Types of corporations
  Explains the different types of legal corporations that exist for tax purposes.
• Provincial and territorial corporation tax
  Completing Schedule 5, credits, rebates, dual tax rates, business limits, and Single Administration of Ontario Corporate Tax.
• After you file your corporation income tax return
  Reassessments, what to do if you disagree, how to prepay tax for anticipated reassessments, and authorizing a representative.
• Registering your business
  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 – Deferral of corporation tax 
  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.
• International Financial Reporting Standards (IFRS)
  How the CRA has responded to the change in accounting standards.