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Alberta Corporate Tax Act special notice vol. 5 no. 67 : mandatory electronic filing of AT1 returns

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The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal... More ≫

Description

The Alberta Corporate Tax Act (ACTA) requires prescribed corporations to file the Alberta Corporate Income Tax Return − AT1 (AT1 Return) by way of electronic filing. For consistency with federal filing requirements in respect of the T2 Corporation Income Tax Return (T2 Return), the definition of ‘prescribed corporation’ in the Alberta Corporate Tax Regulation has been amended to remove the exception for corporations whose gross revenue exceeds $1 million. Accordingly, effective in respect of AT1 Returns for taxation years that begin after December 31, 2024, all corporations will be required to file their AT1 Return with Alberta Treasury Board and Finance, Tax and Revenue Administration (TRA), by way of electronic filing, with the exception of insurance corporations, non-resident corporations, corporations reporting in functional currency, and corporations that are exempt from taxation under section 35 of the ACTA.

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Health cost recovery special notice : assessment factor – Crown’s Right of Recovery Act

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The Hospitals Act includes a provision to recover from third-party liability insurers the Crown’s cost of health services provided to victims of automobile accidents. Under the Health Cost... More ≫

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The Hospitals Act includes a provision to recover from third-party liability insurers the Crown’s cost of health services provided to victims of automobile accidents. Under the Health Cost Recovery Program, automobile insurers remit an amount for each calendar year representing their proportionate share of the total estimated Crown cost of those health services. A new special notice is issued annually to include the new assessment factor for that year. It also includes all previous assessment factors. Please refer to the most recent version.

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Crown’s Right of Recovery Act : information circular MV-1 : administration of the Health Cost Recovery Program

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The Crown’s Right of Recovery Act includes a provision to recover from third-party liability insurers the Crown’s cost of health services provided to victims of automobile accidents. Under the... More ≫

Description

The Crown’s Right of Recovery Act includes a provision to recover from third-party liability insurers the Crown’s cost of health services provided to victims of automobile accidents. Under the Health Cost Recovery Program, automobile insurers remit an amount for each calendar year representing their proportionate share of the total estimated Crown cost of those health services. This information circular provided by Tax and Revenue Administration (TRA) gives an overview of the health cost recovery program and discusses procedural matters and administrative policies and practices. Information circulars are updated as necessary and a revision number assigned. Please refer to the CURRENT version.

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Alberta Corporate Tax Act special notice vol. 5 no. 64 : electronic filing of insurance premiums tax returns

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TRA has transitioned to electronic filing for the Insurance Premiums Tax (IPT) Program. All insurers liable to pay the IPT for taxation years ended after December 31, 2021 must file the IPT return... More ≫

Description

TRA has transitioned to electronic filing for the Insurance Premiums Tax (IPT) Program. All insurers liable to pay the IPT for taxation years ended after December 31, 2021 must file the IPT return electronically, using the Tax and Revenue Administration Client Self-Service (TRACS) secure online portal, on or before the 75th day following the respective taxation year. A return filed using TRACS is considered filed on the date it is submitted through TRACS.

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