Articles & News
Credits benefits services from CRA
Credits benefits & services from CRA for the 2009 tax season
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Failure to file tax returns results in fines
Anyone who does not file a personal, corporate or GST return, or who does not comply with a court order to file is guilty of an offence. On summary conviction, a person or corporation is subject to a fine of $1,000 to $25,000 and imprisonment for up to 12 months for each count.
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Business Structure
There are several business structures:
• Sole proprietorship
• Partnership
• Corporation
• Registered charity
• Non-profit organizations
• Trusts
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