T2 corporate income tax return
Prepared and filed by a CPA, with the schedules your corporation needs.
Corporate tax returns in Markham & TorontoYour corporate return, filed right.
CPA-led T2 returns and year-end planning for incorporated small businesses across the GTA, from a team that can also keep your books and plan how you pay yourself.
What's included
Corporate tax services
Year-end planning
Salary or dividends, timing of expenses and purchases, and what to set aside, decided before year-end rather than after.
HST/GST returns
Filed and remitted on your reporting schedule.
CRA correspondence
We help you respond to notices and requests about returns we prepare.
Key dates
Deadlines every Ontario corporation should know
Filing the return
A corporation generally has six months after the end of its tax year to file its T2 return, even if it owes no tax.
Paying the balance
Any balance owing is generally due two months after the tax year ends, or three months for some Canadian-controlled private corporations.
HST/GST registration
Registration is generally required once taxable revenues exceed $30,000 over four consecutive calendar quarters.
Keeping records
Keep books and supporting documents for at least six years from the end of the tax year they relate to.
What to bring
What we need to get started
Last year's return and financial statements
Including the notice of assessment if you have it.
Your books for the year
Accounting file or bank and credit card statements if the books are not up to date. We can catch them up.
Payroll and dividend records
T4s, T5s and any amounts paid to shareholders.
Major purchases and loans
Equipment, vehicles, and any new financing during the year.
Deadlines and thresholds above are general rules and have exceptions. This page is general information, not tax advice for your corporation.
Let's talk.
Book a free consultation. In about 30 minutes, we learn your situation and show you how we can help. There's no obligation.