Internet Business Activities (Schedule 88)

CRA has clarified the reporting requirements of tax obligations for corporations that earn revenue from Internet business activities.  When the filing due date for a corporation's T2 income tax return is after December 31, 2014, the corporation must disclose revenue earned from web pages or websites by including the recently released Schedule 88 with the T2 return.

The CRA website has been updated to inform corporations of their tax obligations when they earn revenue from web pages or websites. For more information, go to the E-commerce page on the CRA website.