Corporation Tax Return

Toronto Corporate Tax Filing & Income Tax Returns for Corporations

Canadian corporations are required to file corporate income tax (T2 return) every tax year even if their earning is nil, or no taxes are payable. This includes.

  • Inactive corporations
  • Non-profit organizations and
  • Tax-exempt corporations

Most corporations can file their return electronically (efile) or in paper format. Corporations with annual gross revenue exceeding $1 million are mandated to file electronically. For these corporations paper filing is not allowed.

New corporations in their first year often make the mistake of incorrectly choosing the Year-End reporting period. Only an expert can help you decide the right period saving you maximum taxes. Even nil return is not as simple as it looks! We strongly recommend consulting with us before you file nil return. We can help you benefit in future tax years.

HST RETURN AND REBATE

Some small businesses such as taxi or limousine services are required to register for the GST/HST even if their revenue is less than the threshold of $30K or You must register for a GST/HST account if:

  • You provide taxable property and services in Canada; and
  • You no longer qualify as a small supplier

Serving clients across Toronto, Oshawa, Bowmanville, Port Perry, Hamilton, Kitchener, Niagara, Georgina, Barrie, and the surrounding areas.

For GST / HST and Corporate Income Tax Services, Contact The Associates in Toronto, Ontario