Corporate Tax Returns for Canadian Incorporated Businesses
Every Canadian corporation must file a T2 every year. T.U.A's accountants handle yours.
Every Canadian corporation, active or earning zero income, must file a T2 corporate income tax return each year with the CRA. T.U.A prepares and files your complete T2, applies the small business deduction where applicable, and ensures your corporation meets all its filing obligations on time.
File My Corporate Tax Return With T.U.AEvery Corporation Must File
Zero income or corporations with activity still have T2 obligations. T.U.A handles it.
Small Business Deduction Maximized
If your corporation qualifies, our accountants apply the reduced small business rate.
Full Corporate Package
T2 return, corporate schedules, and related personal filings handled together through T.U.A.
What Is a T2 Corporate Tax Return in Canada?
The T2 is the corporate income tax return every Canadian corporation must file annually. It covers all incorporated businesses, consulting corps, holding companies, retail, or any other incorporated entity. It reports corporate income, allowable deductions, tax credits, and the resulting tax owing.
A standard T2 return includes 5 to 15 schedules depending on the corporation's circumstances. These schedules provide detailed financial and shareholder information to the CRA, ensuring full compliance with both federal and provincial tax codes.
Who Has to File a T2 and When Is It Due?
Every corporation incorporated in Canada or carrying on business in Canada must file, regardless of income level. Active corps, holding companies, real estate corps, and corporations, all must file. There is no minimum income threshold.
The T2 is due six months after your fiscal year end. However, the corporate tax balance is due two months after fiscal year end, or three months for qualifying CCPCs that claimed the small business deduction. Late filing triggers a 5% penalty plus 1% per month for up to 12 months.
Every Canadian corporation must file a T2 every year, even with zero income. A single missed filing year triggers a minimum $1,000 penalty. T.U.A files your T2 accurately and on time.
Can You File Your Own Corporate Tax Return in Canada?
A corporate director can technically prepare and file a T2 using CRA-approved software. In practice, corporate returns involve far more complexity than personal returns, multiple schedules, CCA calculations, and the relationship between corporate and personal tax.
Errors trigger CRA reassessments, penalties, and missed deductions. Our accountants and our tax software apply professional standards to your T2, ensuring it is filed correctly. T.U.A does not sign on behalf of clients. The director or signing officer of the corporation signs and provides T.U.A with consent to electronically file the return on their behalf.
How T.U.A Prepares and Files Your Corporate Tax Return
Our intake questionnaire covers your fiscal year, revenue and expense summary, asset additions or disposals, salary or dividends paid to shareholders, and any other corporate activities. You upload supporting records, financial statements, bank statements, or bookkeeping exports through the T.U.A app.
Your accountant prepares the complete T2 and all required schedules. They apply the small business deduction if applicable, calculate Capital Cost Allowance, ensure salary or dividends are correctly reflected on both corporate and personal returns, and file electronically.
Your Corporation Has a Filing Obligation Every Year
Whether your corporation earned millions or zero, a T2 must be filed. T.U.A's accountants handle it accurately and on time.
Frequently Asked Questions
Clients upload their tax documents through the T.U.A app. Our accountants and our tax software prepare and file their return on their behalf. T.U.A is not DIY software. It is a professional tax filing service delivered digitally.