Penalty for Failure to Follow Filing Procedures
Corporations with more than $1 million in gross revenue are required to file their income tax returns online. Failure to do so generally renders them liable to a $1,000 penalty.
Note that this requirement does not apply to the following corporations:
- insurance corporations;
- non-resident corporations;
- corporations that file their income tax returns in a functional currency;
- corporations that are tax-exempt under Book VIII of Part I of the Taxation Act.
For more information, click Filing the Corporation Income Tax Return.
If you are filing more than 50 of the same type of RL slip for a calendar year (except for the RL-13 and RL-23 slips), you must send them online. If you do not, the following penalties may apply:
- $250 for 50 to 250 slips;
- $500 for 251 to 500 slips;
- $1,500 for 501 to 2,500 slips;
- $2,500 for more than 2,500 slips.
For more information about filing RL slips, click Methods for Filing RL Slips and Summaries.