Affordable Options for E-Filing T2 for Inactive Corporation Under New CRA Mandates
As of tax years beginning after 2023, the Canada Revenue Agency (CRA) mandates that all corporations, including inactive ones, must file their T2 Corporation Income Tax Returns electronically. Non-compliance can result in a $1,000 penalty . This requirement applies even to corporations with no income or activity during the tax year . Understanding the Filing…
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