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Index
Who
has to file an Alberta Corporate Income Tax Return?
Generally, a corporation
must file an Alberta Corporate Income Tax Return
(AT-1) for each taxation year during which it has
a permanent establishment in Alberta. Paragraphs
4 to 6 of Information
Circular CT-2, Filing Requirements, provide
more information about “permanent establishments”.
Some corporations are
exempt from filing an Alberta return if certain
conditions are met. For more information, see Information
Circular CT-2, Filing Requirements, paragraphs
2 and 3.
What
does a complete Alberta Corporate Income Tax Return
include?
A complete Alberta
Corporate Income Tax Return consists of either an:
- AT-1 and the applicable
schedules, or
- Alberta AT-1 RSI,
only.
There is no requirement
for a corporation to file a copy of its federal
T-2 return package and its financial statements
or General Index of Financial Information (GIFI)
with Alberta Finance, Tax and Revenue Administration
(TRA).
What happens if you submit
an incomplete Alberta Corporate Income Tax Return?
If the AT-1 you submit
to TRA is not complete, you will be asked to provide
the missing documents or information. Refund interest
the corporation may be entitled to will not start
until the required information is received by TRA.
How
can I obtain a copy of the Alberta Corporate Income
Tax Return?
To request a copy of
the return, call the office of Tax and Revenue Administration
(TRA). In the Edmonton calling area, dial 427-3044
to reach TRA. If you are an Alberta caller outside
the Edmonton calling area use the toll-free service:
dial 310-000, then enter (780) 427-3044. If you
are located outside Alberta, call (780) 427-3044
to reach TRA; long-distance telephone charges will
apply.
You may also request
a return by email at: tra.revenue@gov.ab.ca.
Copies of the return
and schedules are also available on our Internet
site.
When am I
required to file an Alberta Corporate Income Tax
Return?
TRA must receive a complete
AT-1 return within six months from the end of a
corporation's taxation year (the required filing
date). You may send the return by mail, fax, courier
or hand deliver it to TRA.
Your corporation's
return will be considered filed on the date it is
received by TRA. However, a late
filing penalty will not be charged if:
- your mailed return
is received within five working
days after the required filing date, or
- your couriered
return is received within one
working day of the required filing date.
A faxed or personally-delivered
return received after the required filing date will
be considered late and a penalty will be charged.
When
are tax payments due?
Generally, all corporations
are required to make equal monthly instalments on
Alberta tax, with any remaining balance due by the
end of the second month after the corporation's
tax year-end (the balance-due date).
A Canadian-controlled
private corporation is exempt from paying installments
and may defer payment of its taxes until the third
month following the corporation's tax year-end if
it meets certain conditions. For a complete list
of the conditions and other related instalment rules
please see Information
Circular CT-2, Filing Requirements.
How do I pay my Alberta corporate
taxes?
Your Alberta corporate
taxes may be paid:
- at most financial
institutions in Canada, if the payment is accompanied
by an original Remittance Advice;
- by cheque or money
order payable to the Minister of Finance delivered
by mail, courier or in person to TRA between the
hours of 8:15 a.m. and 4:30 p.m., Monday through
Friday, except government holidays;
- by wire transfer;
or
- using the internet
payment services provided by major financial
institutions in Canada or TelPay for Business.
Please note: There
is no process to transfer payments of Alberta corporate
taxes made to Canada Revenue Agency in error.
For further information
about payment of corporate taxes refer to paragraphs
17 through 19 of Information
Circular CT-3, Alberta Corporate Tax Instalments.
For more detailed information
relating to Alberta corporate taxes, see the CT
series of information circulars.
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