Corporate tax filing built on accurate financial information.
Professional T2 preparation and year-end support for incorporated businesses that need reliable reporting, clear communication and careful attention to CRA requirements.
- T2 corporate returns
- Year-end financial preparation
- Tax provision and schedules
- CRA filing support
Your T2 return depends on the quality of your year-end records
Corporate tax filing is connected to bookkeeping, financial statements, shareholder activity and prior-year balances. We help identify what is ready, what is missing and what must be corrected before filing.
Books are incomplete
Accounts have not been reconciled or transactions remain uncategorized at year-end.
Shareholder activity is unclear
Owner payments, contributions, withdrawals or reimbursements need proper review.
Tax deadlines are approaching
You need a realistic plan for completing the books, return and required approvals.
Planning happened too late
Compensation and instalment decisions were not reviewed before the year ended.
Corporate year-end and T2 filing support
Each engagement is scoped to the condition of the records and the corporation’s reporting needs.
- T2 Corporation Income Tax Return preparation
- Review of the trial balance and general ledger
- Year-end adjusting entries
- Tax schedules and supporting calculations
- Capital asset and depreciation review
- Shareholder loan and compensation review
- Tax-basis financial statement preparation when included
- Electronic filing and confirmation
- Prior-year corporate returns when required
- Agreed-upon CRA correspondence support
Designed for owner-managed incorporated businesses
Established corporations
Active businesses that need recurring year-end preparation and reliable T2 filing.
Startups and first-year filers
New corporations completing their first year-end and establishing a sound reporting process.
Professional corporations
Owner-managed practices requiring corporate tax and financial statement support.
Contractors and trades
Incorporated contractors managing equipment, vehicles, subcontractors and owner compensation.
Growing companies
Businesses whose reporting needs have outgrown basic tax preparation.
Inactive corporations
Corporations with little or no activity that still have annual filing requirements, subject to applicable exceptions.
Clear scope before work begins
Corporate tax pricing depends on the quality of the bookkeeping, transaction complexity, required schedules and year-end work.
T2 Corporate Tax Return
Many small-business engagements range from $750 to $2,500+, depending on complexity and the condition of the records.
Request a Consultation- T2 return preparation
- Corporate tax schedules
- Year-end adjustments as scoped
- Tax-basis financial statements when included
- Electronic filing confirmation
- Basic filing-result review
- Final quote confirmed in advance
- Cleanup quoted separately when required
Important: Monthly bookkeeping, extensive cleanup, payroll filings, HST/GST returns, compilation engagements, complex tax planning and CRA reviews are separate services unless specifically included in your proposal.
Better records create a smoother corporate tax process
Waiting until the filing deadline to review the company’s books can result in delays, avoidable cleanup and fewer opportunities to make timely decisions. Ongoing bookkeeping helps keep the business ready.
- Monthly bank and credit-card reconciliations
- Consistent expense and revenue classification
- Shareholder transactions tracked throughout the year
- HST/GST balances monitored
- Clearer financial reporting before tax season
- Fewer surprises at year-end
A structured path from books to filed return
Initial Assessment
We discuss the corporation, year-end date, bookkeeping status and filing history.
Records & Access
You provide the accounting file, prior return, notices and supporting documents.
Year-End & T2
We complete the scoped review, adjustments, tax calculations and return preparation.
Approval & Filing
You review the results and authorize the eligible return for electronic filing.
Corporate tax support backed by financial-reporting experience
ASP Tax & Accounting Services is led by Andeen Palmer, CPA, with more than 20 years of accounting and finance experience. We look at the quality of the underlying records—not only the tax form—so you understand what is being filed and what your business needs next.
- CPA-led year-end and tax support
- Experience with owner-managed companies
- Clear scope and professional communication
- Bookkeeping cleanup available when needed
- Ongoing accounting support beyond filing season
Corporate tax filing questions
Does an inactive corporation still need to file a T2 return?
Resident corporations generally have to file a T2 return for every tax year even when inactive or when no tax is payable, subject to limited exceptions.
When is a corporate tax return due?
A T2 return is generally due within six months after the corporation’s tax year-end. The deadline for paying a tax balance may be earlier and depends on the corporation’s circumstances.
What records will you need?
Common requirements include the bookkeeping file or trial balance, bank and credit-card reconciliations, prior-year return and financial statements, CRA notices, asset details, shareholder information and supporting schedules. We provide a tailored list.
What if the bookkeeping is incomplete?
We can assess the records and quote a separate cleanup engagement before completing the year-end and T2 return.
Are financial statements included?
Tax-basis financial statement preparation may be included when specified in the proposal. A compilation engagement under CSRS 4200 is a separate professional service and must be expressly engaged.
Do you provide salary-versus-dividend planning?
Basic compensation observations may arise during preparation, but proactive or detailed tax planning is separately scoped so it can be completed at the appropriate time.
Can you work with our existing bookkeeper?
Yes. We can provide a year-end request list and coordinate the information required to complete the corporate return.
Ready to move your corporate tax filing forward?
Book a complimentary consultation to discuss your year-end, the condition of your bookkeeping and the corporate tax support your business requires.