Why It MattersMissing the March 31st deadline can result in:
- Late filing penalties – 5% of the unpaid tax plus 1% per full month late (up to 12 months)
- Accrued interest on any unpaid tax balances
- Compliance risks that can affect your corporate status and future filings
- Risk of being audited by the CRA,
What You’ll Need to FileHaving the following documents ready will help ensure a smooth process:
📌 In-house financial statements (income statement, balance sheet, etc.)
📌 Revenue, expense, and tax credit details
📌 Records of dividends, shareholder loans, and financial transactions
📌 Last year’s return for reference (if available)
Need Support? We’re Here to HelpTax season can feel overwhelming, but our experienced team is here to make it easier. We can assist with:
✅ Preparing and filing your T2 Corporate Tax Return
✅ Ensuring compliance with CRA reporting requirements
✅ Identifying deductions and credits that benefit your business
✅ Providing year-round tax planning support
Let us take the stress out of tax season, so you can stay focused on running your business.
Need help filing your T2 return?