Corporate tax
The T2 is due even when the company made nothing.
The corporate package is $2,000 + HST. It covers the T2, financial statements, and HST support for owner-managed companies. A nil year is still a filing.
What to send
- Prior T2 and Notice of Assessment, if this is not year one
- Bookkeeping file or bank statements for the year
- HST returns and payroll summaries
- Shareholder loan activity and the minute book if dividends were paid
The return is due six months after year-end. The tax balance is usually due two or three months after year-end. Filing in June does not make a February balance on time. Read the deadline note if your year just closed.
Corporate deadlines, in one page.
Related
New company? Numbered incorporation is $850 + HST. Named is $950 + HST. Books a mess? Bookkeeping first, then the corporate package.
Bring the slips. We’ll take the return.
Personal tax from $90 + HST. Incorporation from $850 + HST. A real person answers (905) 499-2964.