Fluctuating filing period ending (fiscal period longer than 365 days)

No change to the fiscal period is considered to occur when a corporation follows the practice of ending its fiscal period on a chosen day of the week that is nearest to a certain day of the year, provided that the resulting period does not exceed 53 weeks.

Reference
Subsection 249(3) of the Income Tax Act.

Forms and publications

• Corporation Instalment Guide (T7B-CORP)
• T2 Corporation – Income Tax Guide (T4012)

Date modified:

2015-12-15