Every corporation resident in Canada must file a T2 return each year, even if it had no income. I prepare T2 returns and the supporting year-end financial statements for Canadian-controlled private corporations (CCPCs) and owner-managed businesses.
Who it is for
- Canadian-controlled private corporations (CCPCs)
- Owner-managed and family businesses
- Holding companies
- Newly incorporated businesses filing their first return
What is included
- Year-end financial statements (compilation engagements) to support the return
- T2 corporate income tax return and Ontario schedules
- GIFI financial data and required CRA schedules
- Review of the small business deduction and other common deductions and credits available to your corporation
- Owner compensation planning: salary, dividends, and related slips (T4, T5)
- Responses to routine CRA correspondence about the return
Please note: I do not provide audit or review engagements.
How it works
- Discovery call and engagement letter
- You share your year-end records or I use the books I maintain for you
- I prepare the statements and return and review them with you
- I file electronically and keep you informed of deadlines and balances owing
Frequently asked questions
When is a T2 return due?
A T2 return is generally due six months after the end of the corporation's fiscal year. Any tax owing is usually due two or three months after year end, depending on the corporation.
Does an inactive corporation still need to file?
Yes. A corporation that is resident in Canada generally has to file a T2 return every year, even if it had no activity or no tax payable.
Can you help with salary versus dividend decisions?
Yes. I review your situation and explain the trade-offs so you can decide how to pay yourself from the corporation.
What do you need from me?
Usually your bookkeeping records or bank statements, prior year returns and notices, and details of any loans, assets, or shareholder transactions.
This page provides general information only and is not tax or legal advice for your situation.