Canada: Changes to filing procedure for corporate information returns (Ontario)

Corporations need to be aware of new filing changes that may affect their Ontario annual information returns.

Filing changes regarding Ontario Corporations Information Act annual return process

Corporations need to be aware of new filing changes that may affect their Ontario annual information returns.

The Canada Revenue Agency (CRA) announced the filing changes (effective 15 May 2021) regarding the Ontario Corporations Information Act annual return process.

  • Annual return forms are no longer available for download from the CRA website (as of 7 May 2021)
  • Annual returns will no longer be filed with the CRA (as of 15 May 2021)

These changes concern the following forms:

  • Schedule 546, Corporations Information Act Annual Return for Ontario Corporations
  • Schedule 548, Corporations Information Act Annual Return for Foreign Business Corporations
  • Form RC232, Corporations Information Act Annual Return for Ontario Not-for-Profit Corporations

Read a May 2021 report prepared by the KPMG member firm in Canada

 

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.