Expert Accountants for T2 Corporate Tax Return
We Specialize in Incorporated Contractors and Freelancers Across Canada
We work closely with incorporated contractors, freelancers, and self-employed professionals who need reliable, compliant, and tax-efficient accounting support. Our expertise spans multiple industries and cross-border work structures, making us a trusted choice for professionals with complex tax needs.
We commonly support:
- IT contractors and IT consultants
- Construction contractors
- Licensed electricians and plumbers
- Health-care contractors and medical professionals
- Contractors working with U.S. clients
- All incorporated and self-employed professionals
If you operate solely in Canada, our accountants understand the reporting requirements, deductions, and compliance rules that apply to your business.
$599
/year
Expert Tax and Accounting Services for Contractors
Our firm provides end-to-end accounting and corporate tax filing services designed specifically for contractors and incorporated professionals. We go beyond basic compliance to help you stay organized, tax-efficient, and financially confident.
Our core services include:
- T2 Corporate Income Tax Return filing
- GST/HST return filing and reconciliation
- Salary vs. dividend guidance to optimize owner compensation
- Professional bookkeeping services (up to 4 hours included)
- Ongoing accounting, payroll, and financial support
From monthly bookkeeping to year-end corporate tax filing, we ensure your records are accurate and fully CRA-compliant.
We Are Your Online Accountants – Always There to Support You.
As online corporate tax accountants, we understand the real challenges contractors face. Our role is to simplify your finances and eliminate uncertainty by providing clear guidance and proactive support.
We help you with:
- Tax-saving strategies tailored to incorporated contractors
- Salary and dividend decisions based on your income and goals
- GST/HST handling to avoid errors and penalties
- Overwhelming bookkeeping and paperwork
- Missed or upcoming tax deadlines
- Fear of CRA audits or reviews
- Industry-specific deductions you may be missing
Our clients value having direct access to accountants who understand their industry and are always available when questions arise.
Trusted by 500+ Canadian Entrepreneurs & Small Businesses
647 243 2884
Why choose Us? for T2 Corporate Tax Return Filing in Canada
We specialize in T2 corporate tax return filing for independent contractors, incorporated professionals, and freelancers across Canada. Based in Toronto, we offer both online corporate tax return filing and in-office support, serving clients nationwide.
Why contractors choose us:
- Timely and professional T2 tax return filing to avoid CRA penalties and late fees
- Online access to expert accountants for fast, reliable CRA tax filing help
- Personalized corporate tax strategies to maximize deductions and tax savings
- Salary vs. dividend planning to optimize how you pay yourself
- Accurate bookkeeping and financial record management to support clean T2 filings and long-term growth
Whether you are filing your first T2 corporation income tax return after incorporation or managing an established corporation, we ensure your returns are filed correctly, on time, and in full compliance with CRA requirements.
Let's get in touch
Leave us a message, you will hear back from us within 24 hours.
What is the filing deadline for T2 corporate tax returns in Canada (2026)?
A T2 corporate income tax return must generally be filed within six months after the end of the corporation’s fiscal year. For example, corporations with a December 31, 2025 year-end must file their T2 return by June 30, 2026. However, any corporate taxes owing are typically due earlier, usually two months after the fiscal year-end, or three months for eligible Canadian-controlled private corporations (CCPCs).
Filing on time but paying late can still result in interest charges, making early preparation essential. Staying ahead of the 2026 corporate tax deadlines allows businesses to review deductions, ensure accurate bookkeeping, reduce CRA audit risk, and maintain clean financial records for growth, financing, and long-term tax planning.
647 243 2884
'Tax Stress Free' environment for contractors.
We make that.
We don’t just file taxes — we remove the stress around them
Instaccountant is a full-service tax, accounting, and bookkeeping firm known as trusted tax experts for contractors, self-employed individuals, and small enterprises in Toronto and across Canada. Our goal is to provide clarity, confidence, and long-term financial stability.
Services for Contractors and Self-Employed Professionals
- Corporate income tax returns (T2)
- Personal income tax returns for self-employed professionals
- First-time tax filing after incorporation
- Bookkeeping and financial statement preparation
- GST/HST return filing
- CRA audit and review responses
- Business registration and incorporation services
- Nil return filing (no income, no expenses)
- Past-years tax return filing
- Payroll and subcontractor management
- Tax planning and financial advisory services
- Guidance on T2125 self-employed tax form when applicable
With a proactive approach to bookkeeping, accounting, payroll, and corporate tax planning, we help contractors stay compliant today while building a stronger financial future.
Full stack
Tax, Accounting and Consulting for contractors & self-employed.
FAQs
While it’s not mandatory, incorporating your business can offer valuable tax advantages and liability protection. Many contractors choose to incorporate to benefit from the Small Business Deduction and lower corporate tax rates. Our contractor incorporation services in Canada can help you understand what structure best fits your situation.
Yes! If you use part of your home exclusively for business, you can claim home office deductions such as utilities, rent, property taxes, and internet. Our online accountants for contractors in Canada will guide you through what qualifies and ensure you claim every eligible expense under CRA rules.
Fluctuating income is common for contractors. We provide tax planning strategies for small business owners to help you manage income variations, smooth out cash flow, and plan quarterly tax installments. Our virtual tax advisors can help you stay prepared for lower-income months.
Missing a tax deadline may result in CRA penalties and interest charges. If this happens, don’t panic our team offers CRA late filing assistance and can help you submit your return quickly while minimizing additional fees. Our online corporate tax accountants ensure all future filings stay on schedule.
Accurate recordkeeping is key to maximizing your deductions. We recommend using Zoombooks or similar online bookkeeping software for contractors to track income and expenses throughout the year. Our firm also offers virtual bookkeeping services to ensure your books stay accurate and audit-ready.
Yes. Different industries such as construction, IT, healthcare, and professional services have unique contractor tax deductions and credits. Our experienced small business accountants understand industry-specific tax rules and will help you claim every eligible benefit.
The CRA distinguishes between employees and independent contractors based on several criteria, such as control over work and financial risk. Misclassification can lead to penalties. Our experts in CRA contractor classification and compliance can review your situation to ensure you’re set up correctly.
Yes, fees paid to subcontractors are generally deductible business expenses. Just keep accurate contracts, invoices, and payment records. Our online bookkeeping team for contractors helps you organize these expenses for smooth year-end reporting and CRA compliance.
If you receive an audit notice, stay calm. We offer CRA audit representation for small businesses and contractors, helping you prepare documentation, communicate with CRA officers, and resolve issues efficiently. Our virtual tax experts make the process stress-free and professional.
Absolutely! Contractors can deduct business-related travel expenses such as transportation, lodging, and meals (up to 50% for meals and entertainment). Our corporate tax accountants for contractors will help categorize and record these correctly to meet CRA audit standards.
No worries — we can help. Our team provides online bookkeeping cleanup services to organize your financial records before tax filing. Extra charges may apply for extensive work, but we’ll make sure your books are ready for accurate T2 filing and CRA review.
Our $699 all-in-one contractor tax package includes your T2 Corporate Income Tax Return, GST/HST filing, salary vs. dividend guidance, and up to 4 hours of bookkeeping support. It’s a complete online tax filing service for contractors designed to make compliance simple and affordable.
We offer both online and in-person tax and accounting services for contractors, self-employed professionals, and incorporated businesses across Canada and the USA. Whether you prefer virtual meetings or face-to-face consultations, we make it easy to get expert financial help your way.
We work with a wide range of professionals including IT consultants, electricians, construction contractors, healthcare technicians, and other incorporated or self-employed individuals. Our tax and bookkeeping services for contractors in Canada are customized to fit your industry, workflow, and business structure.
A T1 tax return is used by individuals and self-employed persons to report personal income, including business income using the T2125 self-employed tax form. A T2 corporate tax return is required for incorporated businesses in Canada to report corporate income, expenses, and taxes payable to the CRA.
The CRA charges a late-filing penalty for a T2 corporate tax return of 5% of the unpaid tax, plus 1% for each full month the return is late, up to 12 months. Repeated late filing can result in higher penalties and increased CRA scrutiny.
If you don’t file taxes for three years, the CRA may issue arbitrary assessments, deny refunds and credits, charge penalties and interest, and increase the risk of audits or legal action. Both T1 and T2 tax return non-filing can seriously impact your financial standing.
There is no acceptable number of years you can legally go without filing taxes in Canada. Whether filing a T1 personal return or a T2 corporate tax return, all required returns must be filed annually, even if there is no income or taxes owing.
Happy to anwser any questions!
Do you make income from any gigs? Need tax help?
We provide year-round bookkeeping, tax and accounting support as online accountants for startups, growing businesses, contractors and self-employed professionals across Canada.
Contact
- 647-243-2884
- info@instaccountant.com
- 40 Wynford drive, Toronto, ON, Canada.