ontario regulation 335/21

made under the

Corporations Information Act

Made: May 6, 2021
Filed: May 10, 2021
Published on e-Laws: May 10, 2021
Printed in The Ontario Gazette: May 29, 2021

Amending Reg. 182 of R.R.O. 1990

(GENERAL)

1. (1) Subsection 2.3 (2) of Regulation 182 of the Revised Regulations of Ontario, 1990 is amended by striking out “to the Canada Revenue Agency” at the end and substituting “to the Minister in electronic format in accordance with subsection 3 (1) of this Regulation or in such other manner as the Minister approves”.

(2) Subsection 2.3 (3) of the Regulation is revoked.

(3) Subsections 2.3 (4) and (5) of the Regulation are revoked and the following substituted:

(4) A corporation that is required to file a tax return under section 150 of the Income Tax Act (Canada) shall deliver the annual return within the time period for delivery of the tax return for its last completed taxation year.

(5) A corporation that is required to file an information return under subsection 149.1 (14) of the Income Tax Act (Canada) shall deliver the annual return within the time period for delivery of the information return for its last completed taxation year.

2. Paragraph 1 of section 2.4 of the Regulation is revoked and the following substituted:

1. The year of the return.

3. Section 2.5 of the Regulation is revoked.

4. Section 6 of the Regulation is amended by adding the following subsection:

(4) Despite subsection (2), a corporation is exempt from filing under section 3.1 of the Act in 2021 if the corporation is required to deliver an annual return under subsection 2.3 (4) or (5) of this Regulation on a day that is on or after May 15, 2021 and before the day subsection 84 (1) of Schedule 6 to the Cutting Unnecessary Red Tape Act, 2017 comes into force.

Commencement

5. This Regulation comes into force on the later of May 15, 2021 and the day it is filed.