TaxCorner prepares T2 corporate income tax returns and year-end financial statements for incorporated businesses in Vancouver. Every resident corporation must file a T2 each year, even with no tax payable. The T2 is due six months after the corporation's fiscal year-end.
What's included
- T2 corporate income tax return preparation and filing
- Year-end financial statements
- Owner salary and dividend planning
- T4 and T5 slips for owner pay
- Corporate instalment planning
- Coordination with your bookkeeping
Who it's for
- Incorporated small businesses
- Professional corporations
- Holding companies
- Contractors who have incorporated
- Owners deciding whether to incorporate
Key facts and dates
- FilingThe T2 return is due six months after the end of the corporation's tax year.
- PaymentThe balance owing is generally due two months after year-end, or three months for many Canadian-controlled private corporations.
- Every yearEvery resident corporation must file a T2, even if it had no income or tax to pay.
Corporate tax (T2): frequently asked questions
When is my corporation's T2 return due?
Six months after the end of your corporation's fiscal year. For a December 31 year-end, the 2026 return is due June 30, 2027. Any balance owing is usually due earlier, two or three months after year-end.
Does an inactive corporation still need to file?
Yes. Every resident corporation must file a T2 return every tax year, even if it had no activity and no tax payable.
Should I pay myself a salary or dividends?
It depends on your income needs, RRSP and CPP goals, and the corporation's profits. We model both options and recommend a mix that fits your situation.
What records do you need for my year-end?
Your bookkeeping file or bank and credit card statements, sales and expense records, loan statements, payroll records, and last year's financial statements and T2.
Why TaxCorner
TaxCorner is led by Atique Raza, a Chartered Professional Accountant, and has served Vancouver for 15+ years from 6483 Fraser St in South Vancouver. We review every file before it's filed, explain everything in plain language, and speak English, Urdu, Punjabi and Hindi.