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.

744

New Member

Oct 31, 2019 1:43:46 AM

Hello,

CRA requires a corporation to file their returns even when the corporation is inactive or has zero income.

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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?