T2 nil return short form

T2
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1

Hi All,

I am first time filing for a T2 nil return and Taxcycle requires the S101 to be filled. However this is a non profit foundation and it has been inactive for a whole tax year, bank account hasn’t even set up. No shareholder as well, there are only classes of members but mostly they are for voting purposes.

Question: how do I bypass the S101 to file a nil return for non-profit foundation? I am looking for a T2 short form in Taxcycle but seems there is no option? Please help. Thanks!!!

2

I use the paper version of T2 Short and mail / drop off at CRA for my non-profits.

3

Right! thanks for reply :+1: . I think this is the best I can do.