Need corporate tax services for your small business?
Our team of accountants and tax specialists handles the corporate taxes of incorporated small businesses across Canada, from annual compliance to one-off tax questions. Over 2,000 corporate returns are entrusted to us every year, and our packages start at $199.
Corporate Income Tax for Incorporated Small Businesses in Canada
Corporate income tax has been our specialty since 2013. Our team of accounting technicians, CPAs and tax specialists works around our clients’ fiscal year-ends, and over the years we have seen most of the situations an incorporated business owner can face. Chances are we have already helped a business in yours.
That experience serves a principle we care about. A small business deserves the rigour of a CPA at a price that fits its size, and working online is what makes that price possible. All that’s left is to choose, among our small business tax services, the one that fits your situation.
Which business tax services can you hand over to us?
Each year, our clients mostly hand us their federal return, their provincial return when their province requires one, their financial statements and the T5 slips for dividends paid to their shareholders. Our corporate income tax services are built around these needs.
CPAs and Tax Specialists
Online Accounting Firm 
Competitive Rates
Federal T2
Our team prepares your federal T2 return and submits it to the CRA on your behalf, starting at $299.
Quebec CO-17
Is your corporation based in Quebec? We prepare your federal T2 and your Quebec CO-17 together, starting at $299.
Inactive corporation
No activity this year? We file the tax return of your inactive corporation with the CRA, starting at $199.
Tax consultation
A specific tax question before you act? One of our tax specialists reviews your case and gives you a clear answer.
Partner program
Are you an accountant? Our partner program lets you hand over your clients’ corporate tax returns to our team.
Free estimate
Not sure which service you need? Describe your situation and we will recommend the right package, price included.
Why choose T2inc.ca for your business taxes?
Your corporation answers to the Canada Revenue Agency (CRA) for its tax obligations, and to Revenu Quebec if your business operates in Quebec. Those obligations call for professionals who know Canadian tax laws and the pitfalls that come with them.
More than 2,000 tax returns per year
The first to simplify your corporate taxes online since 2013.
Expertise in Canadian corporation tax
This is the core of our work, and we see the same mistakes come back every year, such as a dividend paid without a T5 slip or a tax balance paid after its due date. Our team helps you avoid them.
CPAs and qualified tax specialists
Your return is prepared by a member of our team, then reviewed by an experienced tax accountant before it is filed. That second look is part of every file we handle, whatever its size or complexity.
A serious alternative to tax software
Tax software leaves every decision to you, including which deductions and tax credits to claim. We offer a business tax service built for small corporations, with a team you can actually reach.
An online service with no office visits
You send your documents through our secure portal, wherever you are in Canada. As your fiscal year-end approaches, we also send you a reminder to help you meet your filing and payment deadlines.
Ready to hand your file to our corporate tax specialists?
Describe your corporation’s needs in our form, then send us the requested documents. A member of our team reviews your file and gives you a no-obligation price based on its actual complexity.
Prefer to talk it through? Call us and we will point you to the service that fits your business.
How does corporate tax work in Canada?
Corporate income tax in Canada treats a corporation as a taxpayer separate from its shareholders. The corporation pays tax on its own taxable income and must file a T2 return with the Canada Revenue Agency every year, even when it has no activity, until it is dissolved.
Business tax in Canada combines federal and provincial corporate tax. For most provinces, the CRA calculates provincial tax directly in the T2. Only Quebec, with the CO-17, and in most cases Alberta, with the AT1, require a separate provincial return.
Most small private corporations pay a reduced rate, thanks to the small business deduction, on their first $500,000 of active business income. When it comes to business tax, income from investments is taxed more heavily, which explains why corporate tax rates in Canada vary so much from one business to another.
Then comes the calendar. Your tax balance is due two or three months after your fiscal year-end, depending on your situation, while your return can wait up to six months. Waiting for the return to pay means letting interest run.
Understanding corporation tax in Canada
Our articles explore corporate taxation in more detail, and these three cover what every incorporated business should know.
What should you know about the T2 return?
The schedules to include and the deadlines to meet so your corporation files its T2 on time, with no surprises.
How to calculate business income tax?
From accounting profit to tax payable, see how your corporation’s tax is calculated, reduced rate included.
What is the Quebec CO-17 tax return?
Is your corporation based in Quebec? See what the CO-17 adds to your T2 return and when you need to file it.
What our clients say about T2inc.ca
These reviews are posted by our clients on our Google Business Profile and appear here live, with no selection on our part.
Fast and courteous!! Best price too!!
Expertise, competence, quick responses and feedback - very good accounting service for businesses, thank you T2 inc. for the services this year and previous years.
Excellent communication, they know how to manage tight deadlines. I have been doing business with T2inc for several years and I am always very satisfied.
Awesome concept and a great experience overall. We used them to file the T2 returns for two corporations, and they’ve really streamlined the entire process. Everything was simple, efficient, and easy to navigate from start to finish. Highly recommend!
Your questions about corporate tax
What is corporate tax in Canada?
Corporate tax is the income tax a corporation pays on its profits, separately from the personal tax of its owners. In Canada, it combines a federal and a provincial portion. Under corporation tax, income is taxed in the hands of the corporation once salaries are deducted, and shareholders then pay personal tax on the salary or dividends they receive.
Does an inactive corporation have to file an income tax return?
Yes. A corporation must file its T2 every year until it is dissolved, even with no income or expenses, and a Quebec corporation must also file its CO-17. Skipping these returns can lead to penalties and cause problems with the tax authorities. Our inactive corporation package starts at $199.
What documents do I need to provide?
We mainly need your financial statements, or your bank and credit card statements if they have not been prepared, along with your last tax return, your notice of assessment and the slips issued during the year. Our T2 document checklist lists everything to gather before you send us your file.
How much do corporate tax services cost for a small business?
At T2inc.ca, our corporate tax services start at $199 for an inactive corporation, $299 when your financial statements are ready and $499 when we prepare them. The final price depends on your transaction volume, the number of income sources, the time of year and the quality of your documents. Prices can rise during tax season, from December to April, as our production calendar fills up.
Can you trust an online accounting firm with your business taxes?
Yes, as long as the firm is run by recognized tax professionals. Our Chartered Professional Accountants (CPAs) are members of CPA Quebec and bound by its code of ethics, including professional secrecy. We are also accredited for electronic filing with the CRA and Revenu Quebec. Working online only changes how your documents reach us. The standards applied to your file stay the same.
Tax specialist or accountant: who should handle my corporate taxes?
An accountant keeps your books and prepares your financial statements, while a tax specialist masters the tax rules that apply to your corporation. A T2 calls for both skills, and the choice between a tax specialist or an accountant depends above all on the complexity of your file. At T2inc.ca, both work on your return.
Have a question about your corporation’s taxes?
Write to us through the form below with your question or a short description of your situation. Someone from our team will get back to you and guide you to the right service.
Need monthly or quarterly bookkeeping services, help with your GST/HST or QST returns, or ongoing tax advice? Our partner accountants can take over, so your tax and accounting needs stay covered all year.