Corporate tax
T2 corporate tax & year-end
Year-end financial statements, the T2 return and the Ontario schedules — prepared together, explained clearly.
- Who it's for
- Canadian-controlled private corporations, holding companies and professional corporations.
- Turnaround
- Filed well inside the six-month T2 deadline
- Deadline to know
- T2 due six months after year-end; tax usually due in two or three months
What's included
- Year-end adjusting entries and working papers
- Financial statements prepared as a compilation engagement (CSRS 4200), where we can provide one
- T2 corporation income tax return with Ontario schedules
- GIFI, capital cost allowance and shareholder loan reviews
- T5 slips for dividends paid
- Corporate instalment calculations for the next year
How it works
- 1
Close
We close the books and post year-end adjustments.
- 2
Prepare
Financial statements and the T2 are drafted together.
- 3
Meet
We go through results, taxes owing and owner pay options with you.
- 4
File
The return is filed electronically and next year's instalments are scheduled.
Documents checklist
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Tick items off as you gather them — your progress stays in this browser only. Bring or upload what you have; we'll ask for the rest.
Questions about corporate tax
When is my T2 due?
The return is due six months after your corporation's fiscal year-end. Any balance owing is generally due two months after year-end, or three months for certain Canadian-controlled private corporations.
Do you do audits or review engagements?
No. We don't perform audits or review engagements. If a lender or investor requires one, we'll tell you early so you can plan for it.
My corporation didn't do anything this year. Do I still file?
Yes — a T2 is required every year, even for an inactive corporation. Our inactive corporation package starts from $650 plus HST.