I have helped hundreds of people successfully navigate from the US to Canada. If you're thinking of moving or retiring to Canada contact me today to chat about your plans.
I can be reached via email at phil@philhogan.com, by phone at 250-661-9417 or through my contact page here.
I look forward to speaking to you soon.
Phil Hogan, CPA, CA, CPA (CO)
Cross-Border Tax and Investment Specialist
The CRA has announced that for year-ends ending after January 2009 all corporations with revenues in excess of $1 million will be required to file their corporate T2 returns electronically.
They will however only be assessing penalties to those T2 returns with tax years ending after 2010 that are not filed electronically, in essence giving businesses one year to transition to the new rules with little threat of penalties.
The CRA is strongly encouraging businesses with revenues under $1 million to file electronically even thought they are not required.
You can read more about the new requirements here.
