CRA No Longer Collecting S546, S547, S548 and RC232 for Ontario

As of May 15, 2021, the Canada Revenue Agency will no longer collect annual return information on behalf of the Ontario Ministry of Government and Consumer Services. The changes will apply to the following forms:

• Schedules 546 and 547, Corporations Information Act Annual Return for Ontario Corporations, in TaxCycle T2
• Schedule 548, Corporations Information Act Annual Return for Foreign Business Corporations, in TaxCycle T2
• Form RC232, Corporations Information Act Annual Return for Ontario Not-for-Profit Corporations, in TaxCycle T3010

If you are currently working on a return that contains these schedules, the CRA will only process these forms if the return is filed and processed before May 15, 2021. 

• In TaxCycle T2, you will see a message on Schedules 546, 547 and 548 reminding you to file the corporation annual return directly with the Ontario business registry. In future modules, we will remove the forms.
• In TaxCycle T3010, you will see a message on the RC232 form reminding you to file the annual return directly with the Ontario business registry.

For updated information on filing an Ontario corporation annual return, go to ontario.ca/businessregistry.