Corporate Tax Filing
Represent your business to the CRA with an experienced team behind you
Hire An Experienced CPA for Corporate Tax Filing
At Triple M Accounting has professionals with detailed knowledge of the Canadian Federal and Provincial Tax Laws and Regulation.
Consequently, we make it our priority to share this knowledge with our clients through tax planning, and raise awareness for available tax breaks within the framework of the Canadian Income Tax Act.
Who should file Corporate Tax Returns?
All resident corporations apart from registered charities, need to file a T2 Return for every tax year, even if there are no taxes payable.
This Includes:
Non-Profit Organizations
Tax Exempt Corporations
Inactive Corporations
Non-Resident Corporation
A non-resident corporation has to file a return if, at any time in the tax year, one of the following occurred:
The corporation carried on business in Canada
The corporation had taxable capital gains in Canada
The corporation disposed of taxable Canadian property
A corporate tax filing constitutes submission of a T2 return and corresponding schedules.
Corporate Tax Schedules
Some of the commonly filed Corporate Tax Schedules we assist clients with are:
Schedule 1- Net Income (Loss) is converted to taxable Income (Loss)
Schedule 2- Charitable Donations
Schedule 3- Dividends Received and Paid by the corporation
Schedule 4- Corporation Losses to be carried back or forward
Schedule 6- Summary of Disposition of Capital Property
Schedule 8- Capital Cost Allowance (CRA Depreciation of Capital Assets)
Schedule 9- Related and Associated Corporations
Schedule 10- Depreciation of Intangible Assets
Schedule 19- Non Resident Shareholder Information
Schedule 24- First Time Filer after Incorporation
Schedule 29- Payments to Non-Residents
Schedule 50- Shareholder Information
GIFI Schedules 100, 101, 125, 141- Equivalent of Balance Sheet and Income Statements
Many other Provincial Schedules from Ontario, Alberta, and British Columbia
Next Steps
Determine your Corporate fiscal year
Ensure bookkeeping is completed- contact us if you need help with bookkeeping
Submit bookkeeping records and schedule a 15-min consultation to discuss step moving forward
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