Hold that Corporate Tax Refund! You’re a Few Years Too Late.

CRA cannot give refunds to a corporation which has not filed its tax return within 3 years of the end of its tax year. For example, if you file your August 31, 2014 T2 return after August 31, 2017 and the return anticipates a refund, you will not receive the money.

All may not be entirely lost, however – the denied refund may be eligible for re-appropriation against future tax debts.

Contact us if you need to get caught up on your corporate tax filings – before it’s too late!