What are the obligations required of a provincial corporation?
A provincial corporation must fulfill the following:
- File a T2 Income Tax
- Preparation of annual resolutions
What are the obligations required of a federal corporation?
A federal corporation must fulfill the following:
- File a T2 Income Tax
- Preparation of annual resolutions
- File an Annual Return
What are the obligations required of a professional corporation?
A professional corporation is required to fulfill the following:
- File a T2 Income Tax
- Preparation and passing of annual resolutions
- File for a Renewal of the Certificate of Authorization
When is the deadline for a corporation to fulfill its obligation to file a T2 income tax return and file annual resolutions?
The filing of a T2 income tax return and the preparation and passing of annual resolutions required of provincial corporations must be signed within 6 months of the corporation’s fiscal year end. Typically, a corporation’s fiscal year end is December 31, which means that these obligations must be done by June 30th in each year.
When is the deadline for a federal corporation to file its annual return?
The deadline for a federal corporation to file an annual return is within the 60 days following a corporation's anniversary date. The anniversary date is the date your corporation incorporated, amalgamated or continued under the CBCA.
When is the deadline for a professional corporation to file for a Certificate of Authorization?
A Certificate of Authorization is typically valid from the date of issue, as indicated on the certificate, until December 31 of the year in which it is issued. If for any reason the certificate of authorization of a professional corporation is not renewed within 12 months after its expiry, the certificate of authorization is automatically revoked.
