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Level 2
January 1, 2023
Question

What to do if the effective date of the change of corporation type is not within the taxation year ?

  • January 1, 2023
  • 1 reply
  • 7 views
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1 reply

Level 8
January 3, 2023

Hi,

Not sure what how the return is set up but, that is not a known issue. If there is a CRA approved change, try a date in the tax year.

Level 2
January 3, 2023

My company lose CCPC status on July 28, 2022.  It caused a deemed tax year ending on July 27, 2022.  So I put July 27, 2022 as the period end and July 28, 2022 as the change of corporation type date in the T2 returns.  I can't e-file the tax returns because of the warning saying that the effective date of the change of corporation type is not within the taxation year.  I am not sure how to have the warning fixed.

Level 8
January 3, 2023

Hi,

Looks like the date of change cannot be after the year end in this case. Changing it to July 27,2022, should resolve the warning and allow filing