T2 Nil Return: Your Essential Guide to Filing an Inactive Corporation in Canada
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T2 Nil Return: Your Essential Guide to Filing an Inactive Corporation in Canada
If you have an (zero-income) inactive corporation in Canada, you may be wondering if you still need to file a T2 return. The Canada Revenue Agency (CRA) requires every resident corporation to file a T2 corporate tax return (T2 Short Return) each year, even if your business had no income, zero revenue or no activity. Failing to file can result ...
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