Non-resident corporations

A non-resident corporation will be subject to a failure to file penalty equal to the greater of:

• $100; and
• $25 for each complete day that the return is late, up to a maximum of 100 days.

This penalty applies if the amount calculated is more than the amount of penalty usually applied under subsections 162(1) and (2), as discussed in Failure to file penalties.

References
Subsection 162(2.1) of the Income Tax Act

Forms and publications

• T2 Corporation – Income Tax Guide (T4012)

Date modified:

2015-12-15