Corporate Income Tax Returns
T2 returns prepared with the care your corporation deserves — and coordinated with your personal tax position, not filed in isolation.
Your corporate return, handled end to end
A corporate tax return is not a form-filling exercise. It sits at the end of a chain that starts with clean books, flows through year-end adjustments and financial statements, and ends with decisions about salary, dividends, and what to leave in the company. Each link affects the next — and your personal taxes.
We prepare T2 returns for small and owner-managed corporations as part of a complete year-end process. Because one CPA sees your books, your financial statements, your corporate return, and your personal return, the pieces are planned together rather than patched together.
What the year-end process looks like
After your fiscal year closes, we review and adjust your books, prepare year-end financial statements, calculate your corporate tax position, and review remuneration — how much to take as salary versus dividends, and what that means for your personal return and RRSP room. We then file the T2 and all supporting schedules electronically, along with any required T4 or T5 slips.
Who this service is for
- Owner-managed corporations and family businesses
- Incorporated consultants and professionals
- Small businesses with employees and payroll obligations
- Holding companies and corporations with investment income
- New corporations filing their first T2 return
What's included
- Year-end review and adjustment of your books
- T2 corporate return with all supporting schedules
- Small business deduction and available credit optimization
- Owner remuneration review — salary vs. dividend planning
- T4 and T5 slip preparation and filing
- Electronic filing and CRA correspondence follow-up
- Coordination with your personal T1 return
Common questions about corporate income tax returns
When is my corporation's tax return due?
The T2 return is due six months after your fiscal year-end, but any balance of tax owing is generally due two or three months after year-end — earlier than the filing deadline. We track both dates for our clients and plan year-end work so that payments are never a surprise.
Should I pay myself salary or dividends?
It depends on your income needs, RRSP goals, CPP considerations, and the corporation's tax position — there is no universal answer. We review this each year as part of the year-end process, so the decision is made deliberately with current numbers rather than by habit.
My books are behind. Can you still do my corporate return?
Yes. Catch-up bookkeeping is one of our core services. We bring the books current first, because an accurate return can only be built on accurate records — then we prepare the year-end and the T2. If multiple years are outstanding, we file them in order and manage the CRA correspondence.
Do I need audited financial statements with my T2?
Most small corporations do not. We prepare compilation engagement financial statements (formerly “Notice to Reader”), which are what banks and the CRA typically expect from owner-managed businesses. If your circumstances require review or audit-level assurance, we will tell you plainly and help you plan for it.
Let's put your finances in order.
Book a consultation and speak directly with a CPA about your situation — no obligation, no pressure, just a clear conversation about what you need.