File your T2 income tax return online with T2inc.ca

All corporations incorporated in Canada, whether resident or non-resident, are required to file a T2 tax return annually. This includes tax returns from active companies and tax returns from inactive business, regardless of their income or activities.

In short, if your business is incorporated, you are legally required to file a T2 return for each tax year, even if no tax is due, in order to meet your tax obligations. Failure to file can result in penalties or interest for late filing, making it critical to comply with Canadian tax regulations.

Our advanced software solution allows us to offer competitive pricing while providing quality service backed by the expertise of our tax professionals. Our rates for the preparation and sending of T2 corporate tax returns or CO-17 corporate tax returns generally range from $299.00 to $800.00. 

The price may increase if you require assistance in preparing your financial statements or if additional time is required for more complex filings. Our advanced software, combined with the expertise of our tax professionals, ensures that you receive the best service at the most competitive price.

For an accurate quote or to explore our tax consulting services, contact us today.

The general deadline for filing your business tax return is six months after the end of your company's fiscal year. If this date falls on a weekend or holiday, your return must be filed on the next business day.

It is important to note that if your company owes taxes, payment must be made within three months of the end of the fiscal year to avoid interest charges. For Canadian-controlled private corporations (CCPCs), this deadline is usually three months for the payment of taxes due after installment payments. Failure to pay on time can result in penalties and interest, so it is critical to file and pay promptly.

To file your T2 tax return, you must provide certain documents to ensure an accurate and compliant filing. These include your company's financial statements, a copy of your previous T2 return, and any recent assessment notices from the tax authorities.

If your financial statements have not been finalized, you may need to submit bank statements, a summary of income and expenses, and any sales tax reports to complete the filing process. In addition, if you are filing a T2 return for the first time, be sure to have your federal business number and Quebec identification number (if applicable) ready.

Canadian corporations that owe more than $3,000 in taxes for the current or previous year are generally required to make monthly installment payments. Some corporations may qualify to pay quarterly if they meet certain criteria, such as being a Canadian-controlled private corporation (CCPC) with taxable income under $500,000 and capital used in Canada under $10 million.

Installment payments help avoid large lump sum payments at the end of the year and avoid penalties for underpayment. If your corporation is required to make payments, they can be made through your financial institution's online portal by selecting the CRA or Revenu Québec as the payee. Be sure to check the exact payment deadlines to avoid interest charges.