Corporations must declare within six months of the end of the fiscal year. However, if the corporation has to pay taxes, it only has 2 months following the end of the fiscal year to make the payment without penalties and interest.
You must keep accounting records (software, transaction log), invoices, bookkeeping vouchers, bank statements, financial statements, copies of income tax returns, notices of assessment and other key documents.
Need to talk with a SME tax expert anywhere anytime in Canada? Then, fill in the form below, and our online team of experts will contact you shortly to address your particular corporate needs and provide you with an honest assessment of how our taxation services may help you.