- Advance Tax Rulings - Corporations Tax
This bulletin describes the procedures involved in the issuance of an advance ruling which is a statement given by the ministry to a taxpayer, stating how it will interpret provisions of Ontario's Corporations Tax Act, the Mining Tax Act and the Electricity Act, 1998 with respect to a specific transaction which the taxpayer is proposing. - Allocation of Taxable Income and Taxable Capital
The bulletin sets out the policy of the ministry on certain issues dealing with the existence of a permanent establishment and the allocation of taxable income and taxable capital between jurisdictions (taxable income earned and taxable capital employed in Canada, in the case of non-resident corporations). The bulletin addresses allocation issues common to most corporations and does not discuss the industry unique allocation formulae utilized by the following specialty corporations. - Apprenticeship Training Tax Credit
This bulletin provides general guidelines on the apprenticeship training tax credit (ATTC). - Co-operative Education Tax Credit
This bulletin provides general information regarding the co-operative education tax credit available under the Taxation Act, 2007. This tax credit is available to employers who hire students enrolled in a post secondary co-operative education program. The maximum credit for each work placement is $3,000. - Combined Return, Short-Form Return and the Exempt from Filing Policy for Corporations
This bulletin discusses the combined CT23 Corporations Tax and Annual Return, the CT23 Short-Form Corporations Tax and Annual Return, and the Exempt from Filing (EFF) policy and the EFF Declaration. - Corporations Tax Instalments and Payments
This bulletin replaces portions of Information Bulletin 4007R, originally published January 2004. It has been updated to reflect amendments to Regulation 183 of the Corporations Tax Act, which were filed December 8, 2005. These amendments parallel the calculation of instalments under the federal Income Tax Act, when a corporation has been involved in an amalgamation, wind-up, rollover or has a preceding short taxation year that is less than 183 days. The amendments come into force for taxation years beginning on or after January 1, 2006. - Dissolution of Corporations for Failure to Comply with the Corporations Tax Act, Revival of Corporations and Inactive Corporations
This bulletin describes procedures taken to dissolve a corporation, how a corporation can be revived, and how an inactive corporation can request to be voluntarily dissolved. - Explanatory Notes On Calculation Of Transitional Tax Debits And Credits For Ontario Corporations
Subdivision d of Division B of Part III of the Taxation Act, 2007 provides important new rules under which transitional tax credits and tax debits are calculated for Ontario corporations. These transitional tax credits and tax debits are designed to provide an appropriate transition from the Corporations Tax Act (Ontario) for corporations with different income tax attributes for federal and Ontario purposes. - Financial Statement Requirements
The bulletin sets out the policy of the ministry regarding the requirements for financial statements filed with a corporation's tax return. It also provides the ministry's policy with respect to accepting a hard copy of the GIFI in lieu of financial statements where a corporation files a paper tax return or a return on diskette . - Foreign bank branches in Ontario
On August 8, 2000, the federal government released proposed amendments to the Income Tax Act which present the new rules for the taxation of foreign banks that operate branches in Canada. The proposed tax rules will ensure that Canadian branches of foreign banks are taxed in a similar manner as Canadian subsidiaries of foreign banks and domestic banks. - General Adjustments to Ontario Income Tax Payable
This bulletin describes some general tax credits offered to broad categories of corporations. - General Anti-Avoidance Rule and Inter-Provincial Anti-Avoidance
This bulletin updates the discussion for changes to section 5 and adds references to several anti-avoidance provisions in the Corporations Tax Act. - Inter-Provincial Asset Transfers
In order to prevent corporations from avoiding tax on inter-provincial asset transfers, Ontario is changing the way its income tax legislation adopts the elective income tax rollover provisions of section 85 of the federal Income Tax Act (ITA). - Interest on Overpayments, Underpayments and Instalments of Tax
This bulletin describes the situations where interest is charged, or allowed, on overpayments and underpayments of tax instalments and balance of tax due amounts. - Limited Liability Companies
The bulletin sets out the policy of the ministry regarding the status of a U.S. limited liability company (LLC) for the purposes of the Corporations Tax Act (Ontario) (CTA). It is important to determine the status of an LLC because the application of many of the provisions of the CTA is dependent on the classification of an entity (i.e., corporation, partnership). - Ontario Book Publishing Tax Credit
In 1997, the Ontario Book Publishing Tax Credit was introduced to encourage Ontario book publishing companies to support first-time Canadian authors. The 2000 Ontario Budget enhanced the OBPTC. - Ontario Business-Research Institute Tax Credit
This bulletin describes the OBRI tax credit based on the rules contained in section 43.9 of the Corporations Tax Act and Regulations 76/99 and 335/99 filed on February 25 and December 3, 1999 respectively, amending regulation 183 RRO 1990. The bulletin provides general guidelines on the OBRI tax credit. - Ontario Foreign Tax Credit
The bulletin sets out the policy of the ministry for the Ontario foreign tax credit and the deduction for foreign taxes. - Ontario Sound Recording Tax Credit
- Political Contributions Tax Credit for Corporations
This bulletin provides general information regarding the political contributions tax credit available for corporations under the Taxation Act, 2007. This credit provides corporations with a tax credit of up to $2,604 for contributions made to a registered candidate, a registered constituency association, or a registered party. - Statute-Barred Periods
The purpose of this bulletin is to describe the provisions of the CTA under which the Minister of Finance for Ontario can issue a reassessment. This bulletin also discusses the ministry's policy regarding the acceptance of revisions to discretionary deductions requested by taxpayers. - Summary of Ontario Corporations Tax for Non-Residents
The bulletin provides an overview of corporations tax for non-residents and sets out the policy of the ministry. - Treatment of Corporate Reorganizations under the Corporate Minimum Tax
This bulletin sets out the legislative concepts for the adjustments made to the corporate minimum tax in respect of income tax deferred corporate reorganizations.
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