Did not file initial return within 60 days ?

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cpp
Member since: Aug 19

Posts: 1
Location:
Post ID: #PID

Posted on: 21-08-19 05:43:34

1. Corporation is Federal with extra provincial registration in Ontario. Initial return within 60 days is not filed.

2. Can I file it now ? What are the consequences of filing it late ?

Would only appreciate replies from accountants.

Full House
Member since: Oct 12

Posts: 2677
Location:
Post ID: #PID

Posted on: 23-08-19 02:26:10

I file my own return. I am at that level.

If you have not filed within 60 days of the tax deadline, you will owe a fee of either $205 or 100% of your unpaid taxes, whichever is less. 4. On the other hand, if you file your return but you don't pay your tax bill by the deadline, you will owe a late payment penalty. ... The maximum fee is 25% of the taxes you owe. Mar 27, 2019

8 Facts on Late Filing and Late Payment Penalties | The Official Blog ...
https://www.taxslayer.com/blog/8-facts-on-late-filing-and-late-payment-penalties/

https://www.taxslayer.com › blog › 8-facts-on-late-filing-and-late-payment-p...

FH.

We do have a plethora of Tax Experts here on this website. Either they are on a SABBATICAL or on a break. Nevertheless, you will get the appropriate response and guidance. NJOY.

FAQ

https://www.ontariobusinesscentral.ca/incorporation-registration-faq.php

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Quote:
Originally posted by cpp

1. Corporation is Federal with extra provincial registration in Ontario. Initial return within 60 days is not filed.

2. Can I file it now ? What are the consequences of filing it late ?

Would only appreciate replies from accountants.

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