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What is a Form 2 in Ontario for a corporation?

This is called the Initial Notice (Form 2). Once filed, you will receive an Ontario Corporation Number that establishes the corporations presence within Ontario for the Provincial Government.

What does final return mean?

A final return for decedent refers to a tax return filed for an individual in the year of that persons death. Typically, the surviving spouse or person appointed by the courts to administer affairs relating to the deceased persons estate is responsible for signing tax forms.

What is the penalty for filing C Corp taxes late?

Late Filing Penalty A corporation that does not file its tax return by the due date, including extensions, may be penalized 5% of the unpaid tax for each month or part of a month the return is late, up to a maximum of 25% of the unpaid tax.

What does initial return mean?

An initial return is precisely what it sounds like. This type of return is required when a company is initially created. Each jurisdiction sets its own requirements regarding the filing of initial returns. Some jurisdictions do not require initial returns to be filed at all.

How do I file an Ontario annual information return?

To file your corporations annual return, go to the corporations registry profile and select the Make Changes drop-down list. On that drop-down list, you will find the option to file an annual return.

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