Instaccountant – Your Online Accountants
Call/ text: 647 243 2884
Precision in Every Schedule
Professional T2 Corporate Tax Preparation
Unlike most provinces, Alberta collects its own corporate taxes. This means your business faces two separate audit risks. If your Federal T2 shows different net income than your Provincial AT1, or if you claim the Small Business Deduction differently on each return, you risk triggering an inquiry from both agencies. We reconcile the General Index of Financial Information (GIFI) across both returns to ensure your taxable income is consistent, protecting you from cross-agency discrepancies.
Active Business T2 & AT1 Filing
Comprehensive year-end preparation for active Calgary businesses, including financial statements (GIFI), T4/T5 summaries and provincial tax credit optimization.
Flat-Fee Alberta Nil Returns
Perfect for holding companies or inactive "shelf" corporations that need to stay compliant with both the CRA and Alberta TRA without the big-firm price tag.
T2 Filing in Calgary When Your Books Aren’t Organized
A common situation seen across our Calgary clients is reaching year-end without clean bookkeeping. You might have transactions recorded but not categorized, or bank accounts that haven’t been reconciled in months. This “shoebox accounting” approach is risky because the CRA requires clear supporting documents for every deduction. If your general ledger is messy, they can easily deny your expenses or assess a taxable benefit on your shareholder loan account.
We step in to clean up your records and perform a full bank reconciliation before we even touch the tax return. This ensures your GIFI financial statements are accurate, preventing the CRA or Alberta Treasury Board from disallowing valid business expenses or flagging your return for a review.
Salary vs Dividends for Alberta Corporation Owners
Complete T2 Corporate Tax and Accounting Services for Calgary Businesses
Federal T2 & Alberta AT1 Preparation
Simultaneous electronic filing of both required returns to ensure data consistency and compliance.
GIFI Financial Statement Mapping
Converting your raw bookkeeping into the mandatory codes required for CRA and Alberta electronic filing.
Provincial Corporate Tax Planning
Identifying Alberta-specific credits and optimizing the Small Business Deduction (SBD) for your group.
Loss Carry-Back Requests
Applying current year losses to the previous three years to trigger immediate tax refunds.
Shareholder Loan Management
Monitoring draws and repayments to prevent the CRA from re-characterizing loans as taxable income.
T2 Corporate Tax Filing Process for Alberta Corporations
Clean Records Filing
You provide a reconciled trial balance and bank statements; we file your T2 and AT1 immediately.
Catch-Up Bookkeeping
You provide raw bank statements and receipts; we clean the books and then file your corporate taxes.
T2 Corporate Tax Filing Cost for Calgary Businesses
Tax Only
File T2 tax return only
$350
- T2 Corporate tax return
- GST/HST return (+ $50)
- Consultation (30 mins)
- Nil T2 corporation tax return filing ($100)
Tax & Financials
File tax return + Prepare Financials
$650
- T2 Corporate tax return
- GST/HST return
- Bookkeeping (8 hours)
- Year-end Financials
- Consultation (1 hour)
- Zero T2 corporation tax return filing ($220)
Full Business Service
Full Bookkeeping, Tax and Accounting
Call us
- File T2 Corporate tax return
- GST/HST return
- Bookkeeping
- Multiple bank/CC accounts
- Year-end Financials
- Payroll
- Reconciliations
- Accounting software
- Consultation
- Contact us for Monthly Accountant Services.
Every corporation resident in Canada must file a T2 return for every tax year, even if there is no tax payable. This includes inactive or “dormant” businesses. Non-resident corporations must also file if they carried on business in Alberta or had a taxable capital gain in the province.
To get started, you will need your Articles of Incorporation, complete bank and credit card statements for the fiscal year, and your general ledger or bookkeeping records. We also require your previous year’s Notice of Assessment, details of any asset purchases (vehicles or equipment), and your GST/HST filings to ensure revenue figures match perfectly.
Your T2 return is due six months after your fiscal year-end. However, any taxes owing are due earlier—typically two months after year-end, or three months if you qualify as a Canadian-Controlled Private Corporation (CCPC). Missing these dates results in immediate late-filing penalties and interest charges from both the federal and provincial governments.
Yes, unlike Ontario or BC, Alberta requires a separate provincial return called the AT1. You must file both a Federal T2 and an Alberta AT1, though they are usually prepared simultaneously.
The penalty is 5% of the unpaid tax plus 1% per month of delay. If you were late in the previous three years, penalties double to 10% plus 2% per month for both the CRA and Alberta Treasury Board.
It allows Canadian-Controlled Private Corporations (CCPCs) to pay a reduced tax rate on the first $500,000 of active business income earned in Alberta. We verify your eligibility to ensure you claim this lower rate.
No, Alberta mandates electronic filing for most AT1 returns. Filing on paper when you are required to E-file can result in the return being rejected and penalties being applied.
You must still file a “Nil Return” for both the Federal T2 and the Alberta AT1. Failing to file a Nil AT1 can result in the province estimating your taxes and issuing arbitrary assessments.