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How to file your Corporation's Annual Return in Canada for Canadian Corporations

Name: How to file your Corporation's Annual Return in Canada for Canadian Corporations
Uploaded: 2023-07-13T15:47:15+00:00
Duration: 1 min 5 s
Channel: Cpa Kaival Patel
Description: The video provides a step‑by‑step instructional walkthrough for filing a Canadian corporation’s annual return through Corporations Canada’s online…

13 Jul 2023 · 1 min

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1:05

The video provides a step‑by‑step instructional walkthrough for filing a Canadian corporation’s annual return through Corporations Canada’s online portal. It begins with receiving the reminder email and clicking the “File online” link. The user then searches for and selects their corporation, confirms that corporate details (address, directors, etc.) are current, and updates them if necessary (often via a CPA). Next, contact information is entered, the pending year(s) are identified, and the meeting date for that year is supplied. The presenter explains the choice between “Distributing” (for publicly‑listed companies) and “Non‑Distributing” (for private companies) based on the number of shareholders. The director’s authorization details are entered, the filing is reviewed, and finally the $12 filing fee is paid. The tutorial emphasizes repeating the process for each pending year if more than one is outstanding.

Chapters

Step 1: Once you receive a reminder email from Corporation Canada, click File online. Step 2: Here you can type your corporation's name and search. Once you see your corporation's name, select it and press Next. Step 3: Confirm your details are up to date. If not, file this return and ask your CPA to update your corporation information, such as address or directors. Step 4: Here, you can put your contact information. Step 5: This shows what years are pending. If more than one year is pending, you need to repeat this process for all years one by one. Here we will put 2022 in the year. We can enter last year's meeting date, so let's take 30 June 2022. If your company is registered on the stock market, select Distributing. Otherwise, select Non-Distributing. Select this option based on the number of shareholders. Enter the director's details for authorization. Step 6: Review your annual filling. Step 7: Pay $12.