Question
Its All Too Taxing is a CCPC with a December 31 year-end. The companys December 31, 2021 tax year-end T2 was filed with the CRA
Its All Too Taxing is a CCPC with a December 31 year-end. The companys December 31, 2021 tax year-end T2 was filed with the CRA on September 30, 2022. On September 30, 2022, the Company paid its balance of tax owing to the CRA. Taxable capital is under $10 million in the current and prior year. What is the late-filing penalty for Its All Too Taxing (if any)?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
IFRS edition volume 2
978-0470613474, 470613475, 978-0470616314
