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Our corporation has received an assessment from the Canada Revenue Agency. Do I have to file a Notice of Objection with the province of Ontario?

April 26, 2017agency assessment corporation file Notice objection province received revenue

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Our corporation has received an assessment from the Canada Revenue Agency. Do I have to file a Notice of Objection with the province of Ontario?

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Some Ontario corporations tax assessments are based on Canada Revenue Agency assessments. You do not need to file a Notice of Objection with the Ontario Tax Appeals Branch for such designated or specified (General Anti Avoidance Rule) assessments if you have already filed a federal objection. Ontario will be bound by the results of any federal objection. Ontario will also make consequential adjustments to capital tax and corporate minimum tax, which are required as a result of federal income tax adjustments. However, if you disagree with non-designated or non-specified items in the assessment, such as capital tax, then you will need to file a separate Ontario objection.