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Corporate Tax (T2)

Corporate Tax Returns (T2) in Ottawa

Every incorporated business in Canada has to file a corporate tax return T2 each year. We prepare and file yours by a CPA, on time and accurate, with financial statements and GIFI that are ready to stand up to CRA review.

Book a free consultation Call (613) 410-8202

★★★★★ 5.0 from 80+ Google reviews

CPA preparing a T2 corporate tax return for an Ottawa incorporated business

What is a T2

The corporate tax return T2, explained

The T2 is the federal corporation income tax return. Every incorporated business in Canada has to file one for each tax year, even a corporation that earned no income, sat dormant, or finished the year at a loss. The return reports your income, deductions, and tax payable to the Canada Revenue Agency, and it is built from your year end financial statements. Because the numbers carry real consequences, every T2 we file is prepared and filed by a Chartered Professional Accountant (CPA).

How we file your T2

A clear path from books to filing

Close your year

We reconcile your accounts and lock down a clean set of books. Tidy records are what a sound T2 is built on.

Build the statements

We prepare your year end income statement and balance sheet, then map them into the GIFI schedules the CRA requires.

Prepare the return

A CPA prepares the full T2, applies every deduction you qualify for, and confirms the tax payable before anything is filed.

File and follow up

We file electronically, walk you through any balance owing or instalments, and keep everything ready for CRA review.

What we handle

Everything your T2 needs, in one place

Year end financial statementsIncome statement and balance sheet prepared and reconciled to your books.
GIFI schedulesYour statements coded into the General Index of Financial Information the CRA expects.
Small business deductionWe confirm whether your corporation qualifies and claim it correctly.
Instalment planningWe tell you what to remit and when, so you avoid interest and penalties.
Dividend and salary coordinationWe line up your T2 with how you pay yourself so nothing is taxed twice or missed.
Dormant and nil returnsInactive corporations still have to file. We keep yours compliant with zero stress.

Get your T2 handled

Your year end is coming up. Let us take the T2.

Book a free consultation and we will map out exactly what your corporation needs to file, what you may owe, and how to stay ahead of every deadline.

Book your free consultation Call (613) 410-8202

Deadlines that matter

When the T2 is due and when you pay

Filing deadline

6 months

Corporations file the T2 within six months of the end of their fiscal year. Miss it and the CRA charges late filing penalties on top of any tax owing.

Balance owing

2 months

The balance of tax is generally due two months after the end of the tax year, which lands before the filing deadline, so paying and filing are two separate dates to watch.

Some CCPCs

3 months

Certain Canadian controlled private corporations that claim the small business deduction and meet the income conditions get three months to pay their balance.

The split between filing and paying trips up a lot of owners. You have six months to file the return, but the money is generally due sooner, at two months after year end (three months for certain Canadian controlled private corporations that claim the small business deduction and meet the income conditions). If your corporation owed more than a small amount of tax last year, the CRA may also require monthly or quarterly instalments through the year rather than one lump sum. We work out your instalment schedule so you are never caught short. See the CRA balance due day rules for the full conditions.

The small business deduction

Lower tax for qualifying corporations

The small business deduction lowers the federal tax rate on active business income for Canadian controlled private corporations, up to a yearly business limit. It is one of the most valuable breaks available to an incorporated business, and claiming it correctly also affects when your balance of tax is due. We confirm whether your corporation qualifies, claim the deduction on your T2, and keep the supporting numbers clean so the claim is ready to stand up to CRA review.

Built on clean books

A T2 is only as accurate as the records behind it. We pair filing with our bookkeeping services so your statements and return agree to the penny.

Sales tax handled too

Most incorporated businesses also remit sales tax. We cover your HST and GST filing so every CRA account stays current.

Operating in Quebec

If your corporation files in Quebec, we prepare the Quebec corporate tax (CO-17) to match your federal T2.

Ready for review

We keep your filing documented and defensible. Learn how to prepare for a CRA audit before one ever lands.

$10M+

accounts managed

1,000+

months of books completed

offices across the Ottawa region

5.0

average Google rating

Client reviews

Rated 5.0 by our clients on Google

    
 
 
         
   Robby Brown 
 
 
 
 Trustindex verifies that the original source of the review is Google. E-commerce can get complicated fast with fees and multiple payment platforms. Better Books Canada broke it down in a way that actually made sense. Reports arrive on time and highlight what needs attention. It’s been easier to focus on growth instead of trying to reconcile transactions late at night.
  
 
        
   Emily Tomlinson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Books are current and organized. Makes day to day operations easier. Happy with the support!
  
 
        
   Ezekiel Luanda 
 
 
 
 Trustindex verifies that the original source of the review is Google. This firm is amazingly detail focused and client centric. I have been using them since the conception of my business and without their expertise and dedication to the numbers of it all I would not be able to flourish the way I am. Furthermore, Bashar is personable, patient, incredibly knowledgeable, timely, trustworthy, genuine and all around a total win to have on any team for financial services.
  
 
        
   Tatiana 
 
 
 
 Trustindex verifies that the original source of the review is Google. As a consultant working with federal clients in Ottawa, I needed someone who understood proper documentation and clean records. The team organized everything and set up consistent reporting so nothing slips through the cracks. It has saved hours every month. Things just feel under control now.
  
 
        
   wesley bailey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Appreciate the consistency. Reports come in on time and make sense. That’s really all that was needed.
  
 
        
   Pierre Frederick 
 
 
 
 Trustindex verifies that the original source of the review is Google. Bashar is incredibly competent, knowledgeable and honest. He is not a bookkeeper that likes to meddle in grey areas. He has worked for the CRA and does everything he can to protect and inform his clients. He provides an incredible amount of value compared to the amount that he charges, and it’s truly been a pleasure working with him. I highly recommend Bashar if anyone is looking for bookkeeping services in Ottawa.
  
 
        
   Rehoboth Mubedi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Professional and well-run business. Bashar was friendly, efficient, and knowledgeable, and the office was clean and easy to access. Everything was handled smoothly from start to finish. Highly recommend.
  
 
  
  
 
 
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Help center

Corporate tax return T2 FAQs

No. Everything is handled online with secure digital records, so there is nothing to drop off or pick up. You share your documents digitally and we work from there, anywhere in Canada. For clients whose bookkeeping we also manage, we run everything in QuickBooks Online.

Yes. Every corporation resident in Canada has to file a T2 for each tax year, even if it had no income, was dormant, or finished the year at a loss. Filing keeps your corporation in good standing with the CRA.

Corporations file the T2 within six months of the end of their fiscal year. The balance of tax is generally due sooner, at two months after year end, so the filing date and the payment date are two separate deadlines to track.

The balance of tax is generally due two months after the end of the tax year. Certain Canadian controlled private corporations that claim the small business deduction and meet the income conditions get three months. Many corporations also pay through the year in monthly or quarterly instalments.

It lowers the federal tax rate on active business income for Canadian controlled private corporations, up to a yearly business limit. We confirm whether your corporation qualifies and claim it correctly on your T2.

Your T2 is built from year end financial statements, an income statement and a balance sheet. The numbers are coded into the General Index of Financial Information, or GIFI, which is the standard format the CRA uses to read your statements. We prepare both as part of your filing.

Your return is prepared and filed by a Chartered Professional Accountant (CPA), built on clean books, so your filing is accurate, compliant, and ready to stand up to CRA review. See all our tax services for the full picture.

Locations

Find us across the Ottawa region

Downtown Ottawa

116 Albert St, Suites 200 & 300
Ottawa, ON K1P 5G3

(613) 410-8202

Kanata

1000 Innovation Dr, Suite 500
Ottawa, ON K2K 3E7

(613) 509-1309

Orléans

114 Chancery Crescent
Orléans, ON K4A 4N3

(613) 454-1399

Embrun

867 Notre-Dame St
Embrun, ON K0A 1W0

(613) 510-0230

Open Monday to Friday, 8AM to 8PM at every location.