Section 204.86 — Income Tax Act: Return and payment of tax for federally-registered LSVCCs

Every registered labour-sponsored venture capital corporation and every revoked corporation shall on or before its filing-due date for a taxation year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; estimate in the return the amount of tax and penalties, if any, payable under this Part by it for the year;

and on or before its balance-due day for the year, pay to the Receiver General the amount of tax and penalties, if any, payable under this Part by it for the year. Where tax is payable under this Part for a taxation year by a corporation because of subsection 204.82(5) or 204.85(2), the corporation shall on or before its filing-due date for the year, file with the Minister a return for the year under this Part in prescribed form and containing prescribed information, without notice or demand therefor; estimate in the return the amount of tax payable under this Part by it for the year;

and on or before its balance-due day for the year, pay to the Receiver General the amount of tax payable under this Part by it for the year.