File your Quebec corporate tax return CO-17 with T2inc.ca

Any corporation resident or having an establishment in Quebec is required to file a CO-17 corporate tax return, regardless of whether it is an active or inactive corporation.

Therefore, if your head office is located in Quebec, another Canadian province or even abroad, but you have a permanent establishment in the province, you must file a CO-17 tax return. A permanent establishment includes a fixed office, factory, warehouse or any other facility located in the province.

The CO-17 tax return is specific to Revenu Quebec and must be filed in addition to the federal T2 tax return filed with the Canada Revenue Agency (CRA). If you need tax consultation to better understand your obligations or to optimize your situation, we offer tax consultations tailored to business owners.

With our advanced software solution, we offer competitive rates while guaranteeing quality service backed by the expertise of our tax professionals. Our rates for CO-17 tax return preparation and filing typically range from $299.00 to $800.00.

These rates depend on the complexity of your situation and the time required to complete the return. If you require assistance from our accountants to complete your financial statements, the rate may be adjusted accordingly.

Request a quote now to receive a personalized service proposal.

The deadline for filing your Quebec corporate tax return CO-17 depends on the end of your company's fiscal year. You must file your return within six months of the end of your fiscal year. For example, if your fiscal year ends on December 31, the deadline for filing your CO-17 would be June 30 of the following year.

It is important to meet this deadline to avoid penalties and interest for late filing. The Revenu Quebec imposes penalties for late filings and interest is calculated daily on unpaid balances. To ensure timely filing, we recommend that you prepare and file your return well in advance of the deadline.

In order to file a CO-17 return, certain essential documents must be provided. You must submit your company's balance sheets and income statements, as well as a copy of your most recent tax return and any notices of assessment received. If you do not have financial statements, you must provide bank statements, details of your income and expenses, and your sales tax reports.

For a first-time corporate tax return, it is essential to have the identification numbers required by the tax authorities, such as your federal business number and your Quebec identification number.

In Quebec, businesses that owe more than $3,000 in corporate taxes for the current or previous two years must make installment payments.

These payments are generally due quarterly. However, depending on the total amount of tax owed and the company's payment history, monthly installments may be required. Failure to pay these installments on time may result in interest and penalties. To ensure compliance, T2inc.ca provides a payment schedule after you file your CO-17 tax return.

To pay your corporate taxes, you can do so through your bank's online portal. Both Revenu Quebec and the CRA for federal obligations accept these payments. Always keep a copy of your payment receipt for your records.