A corporate return is only as reliable as the books it's built on. We prepare T2 returns directly from your year-end financial statements, which means fewer surprises and a filing that reconciles cleanly with your books.
- T2 corporate tax return preparation and filing
- Year-end financial statement preparation
- Specialty return preparation (trust returns, partnership returns)
- T3010 Registered Charity Information Returns
- T1044 Non-Profit Organization Information Returns
- Coordination with your CPA firm where an audit or review engagement is also required
Why businesses choose us for corporate tax
Books and taxes, coordinated
Because we often handle the bookkeeping too, your corporate return starts from numbers we already stand behind.
Works alongside your CPA firm
If your corporation requires an audit or review engagement, we prepare the file your CPA firm needs and coordinate directly with their team.
Key dates, in plain English
- A T2 return is due six months after your fiscal year-end.
- Tax owing is generally due earlier, two months after year-end, or three months for some Canadian-controlled private corporations. That means payment often comes before the return itself.
- A corporation must file a T2 even if it was inactive or has no tax to pay.
- Late filing penalties and interest can add up quickly, so it is worth starting early.
Dates and rules change from time to time. Check the CRA website, or ask us to confirm what applies to your corporation.
If you file or pay late
| What | Rate | How it works |
|---|---|---|
| Late-filing penalty (first time) | 5% of the unpaid tax, plus 1% for each full month late | Up to 12 months, so up to 17% in total. |
| Late-filing penalty (repeat) | 10% of the unpaid tax, plus 2% for each full month late | Up to 20 months, so up to 50% in total. Applies if you were penalized in one of the three previous years and CRA demanded the return. |
| Interest on unpaid tax | 7% a year (October to December 2026) | Compounded daily from the balance-due date, and reset every quarter. |
The balance is due two months after year-end, or three months for a Canadian-controlled private corporation claiming the small business deduction.
Frequently asked questions
When is my corporate tax return due?
Six months after your fiscal year-end. Any tax owing is generally due earlier, two months after year-end, or three months for some Canadian-controlled private corporations. Ask us to confirm your exact dates.
Do I need financial statements to file my T2?
CRA requires financial information with the T2. We prepare it from your books, and most owners also want proper statements for their bank, lenders and shareholders.
My corporation did nothing this year. Do I still file?
Yes. A corporation generally has to file a T2 every year, even if it was inactive or has no tax payable.
Can you take over from my previous accountant?
Yes. We ask for your prior returns, the last set of financial statements and access to your books, then pick up from there.
Is this the same person who does my bookkeeping?
It can be. Keeping the bookkeeping and the tax return with one person means fewer questions, fewer handoffs and fewer surprises at year-end.
What are the penalties for filing a T2 late?
CRA charges 5% of the unpaid tax plus 1% for each full month late, up to 12 months (17% maximum), and 10% plus 2% a month (up to 50%) for repeat late filers. Interest is 7% a year (October to December 2026), compounded daily.
Business tax return checklist
Gather what applies to you, then send photos or scans by email or WhatsApp. It is the fastest way to get started. A printable version is on our checklists page.
Revenue
Expenses
Vehicle
Home office
Inventory and cost of goods sold
If you have a corporation
Ready to talk through your corporate filing?
Send a note about your business and current year-end setup, and we'll let you know what's needed.
Start the conversation