Line 070 - Is this the first year of filing after incorporation?
Line 070 - Is this the first year of filing after incorporation?
If you answer yes, you have to file Schedule 24, First-Time Filer After Incorporation, Amalgamation, or Winding-up of a Subsidiary into a Parent, with your return. If you do not file Schedule 24, the processing of your return may be delayed.
See chapters 2 and 3 for other schedules you may have to attach to your return.
Note
The tax year of a new corporation cannot be longer than
53 weeks from the date it was incorporated.
If this is your first year of filing after incorporation, you must tick yes at line 030 and complete lines 031 to 038.
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