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Corporation tax queries
January 8, 2023
2:17 pm
unztaib
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Hello, I am a 100% shareholder of an incorporation. Its been full year with this. But the business is not active so far. There are close to none transactions in the bank as well. Only transactions are Cash back amount deposited by bank itself and some e-transfers to pay bank fees. In this situation I should file taxes as inactive business ? Thanks

January 8, 2023
8:02 pm
Bill
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Try google, this might help:.
https://www.canada.ca/en/reven.....start.html

January 8, 2023
9:30 pm
Norman1
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In the T2 Corporation Guide that Bill referred to, it says this:

Resident corporations
All corporations — including non-profit organizations, tax-exempt corporations, and inactive corporations — have to file a T2 return for every tax year, even if there is no tax payable. The only exceptions to this rule are tax-exempt Crown corporations, Hutterite colonies, and corporations that were registered charities throughout the year.

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