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Do I need to file corporation income tax return (T1) besides my personal income tax return for my corporation incorporated in Oct. 2018 which has no income in 2018?
I registered a business name for my sole proprietorship and also incorporated a professional corporation in October 2018, but none of the business generated any income in 2018. Shall I still file T2125 (business statement) along with my T1, and file separately my T2? Many thanks.
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October 31, 2019
1:43 AM
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Self-employed
Hello,
CRA requires a corporation to file their returns even when the corporation is inactive or has zero income.
October 31, 2019
1:43 AM