T2 Corporate Tax Returns
All corporations — including non-profit organizations, tax-exempt corporations, and inactive corporations — have to file a T2 Corporate tax return for every tax year, even if there is no tax payable.
(Pricing includes PST/GST)
Basic Corporate Tax Return – $495
Common Questions and Answers
Q. What do you need from me?
A. We need a complete set of financial statements. It should include a balance sheet, income statement, amortization schedule of assets. If you have a copy of your previous year T2, this is also helpful.
Q. What does a Basic Corporate return cover?
A. It covers the filling out and electronic filing of a T2 Corporate Tax form and all the necessary schedules.
Q. How quickly does my return get done?
A. We ask that you allow us 5 business days from the day you upload your documents.
Q. What type of file do I need to upload?
A. You can take a picture or scan the financial statements and attach as a JPEG or PDF. So long as the details can be seen clearly, that’s all that matters.
Q. Can I drop off my papers instead?
A. Certainly! If you prefer dealing in paper, that’s fine with us. Just give us a call at (204) 885-9632 and arrange an appointment.
Q. Can I pay by Cash, Cheque or e-Transfer?
A. Yes, just email your financial statements and information to firstname.lastname@example.org and specify how you will be paying. E-Transfer’s should be sent to email@example.com
Q. When do I have to file my corporate tax return?
A. You need to have your corporate tax return filed within 6 months of your fiscal year end to avoid penalties. However, most corporations must pay the amount of tax owing within 3 months of their fiscal year end.
Q. What happens if I file later than 6 months after my year end?
If you file your return late, a penalty applies. The penalty is 5% of the unpaid tax that is due on the filing deadline, plus 1% of this unpaid tax for each complete month that the return is late.
Got more questions? Fill out our contact form or call (204) 885-9632