The biggest and most expensive mistake Canadian business owners make is waiting until the fiscal year-end to have their first conversation with an accountant about corporate tax planning. By that point, most opportunities to structure transactions, time income and expenses, optimize compensation, and implement tax-saving strategies have already passed. Strategic tax planning sessions throughout the year help business owners decide the optimal salary versus dividend mix to minimize personal tax obligations while keeping the corporation tax-efficient based on constantly changing income levels and personal situations.
File Your Corporate Tax Return with
Online Accountants in Canada
Filing your T2 Corporate Income Tax Return shouldn’t feel like a second job. Whether you’re a tech startup in Vancouver, a consulting firm in Toronto or a holding company managing family investments, our team of online corporate tax accountants handles every type of T2 situation Canadian business owners face.
Expert Accountants Who Maximize Your Corporate Tax Savings
A T2 tax return gives the CRA a full picture of your corporation, covering income, expenses, retained earnings, shareholder loans, asset purchases, depreciation and linking to GST/HST and payroll filings. Partnering with experienced online corporate tax accountants ensures accuracy and helps unlock valuable tax savings.
Canadian Corporations
For Canadian-Controlled Private Corporations (CCPCs) Businesses, applying the Small Business Deduction correctly can make a major difference.
Newly Incorporated
Personalized salary vs. dividend planning helps contractors boost tax efficiency, with expert guidance on PSB rules and R&D tax credits.
Inactive Corporations
Affordable filing solutions for corporations with zero income, since the CRA still requires a T2 return, and missing it can trigger penalties.
We calculate exactly how many years you’re behind without judgment about how it happened, prepare all missing T2 returns using simplified processes for inactive years, minimize penalties through proper voluntary disclosure
When applicable and handle all CRA correspondence so you’re not dealing with collection agents directly.
How Online Corporate Tax Filing Works
01
Provide your financials and documents securely
02
Expert accountants prepare and review tax return
03
Sign-off your accurate return ready for CRA filing
Expert Support for CRA Reviews and Audits
Failing to file a T2 return leaves the CRA uncertain about whether your business is active, inactive, or abandoned. This can trigger CRA notices, penalties, and interest charges, even when no tax is owed, and may result in your corporation being marked inactive with the risk of administrative dissolution. Our team of online corporate tax accountants provides expert support during CRA reviews and audits, protecting your rights and minimizing the risk of reassessments. We ensure that a simple inquiry does not escalate into a costly multi‑year audit, giving you peace of mind and confidence that your corporation remains compliant and secure.
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FAQs
Most frequent questions and answers
Yes. Every Canadian corporation must file a T2 return each year until it is formally dissolved.
The T2 return is due six months after the corporation’s year-end, even if taxes are payable earlier.
Yes. A T2 reports corporate activity, while a T1 reports personal income such as salary or dividends.
Late filing penalties and daily interest may apply, increasing the longer the return remains unfiled.
A T2 Short Return is available for certain corporations, such as a CCPC that has a nil return or a net loss for the year, or a tax-exempt non-profit.
Ready to File Your Taxes Online? Serving All of Canada From Toronto to Vancouver, Calgary to Halifax
+1 647-243-2884
available from 10:30 – 22:30
40 Wynford Dr Suite 301, North York, ON M3C 1J5, Canada
Email info@instaccountant.com