T2 Corporations Income Tax Return Plans
Our transparent tax return plans help you estimate your accounting cost. Our bookkeeping customers receive 10% discount on our T2 tax return fillings. Custom packages and Client visit or onsite accounting and bookkeeping help/consultation is available at an additional cost. There are exceptions to our plan pricing for some special circumstances.
NIL RETURNS
$100
For Inactive Companies
Corporation has no income
Corporation has no expenses
Corporation has no depreciation expenses
ssue GIFI
EFile Return
10% Discount for Our Bookkeeping Clients
SMALL BUSINESS 1
$1000
Revenue $500,000~ $1,000,000 /Year
Revenue 500K ~ 1 Million /Year
Bookkeeping Must Be Up-to-Date
Issue GIFI
EFile Return
Amortization of Assets and Tax Saving Tips
10% Discount for Our Bookkeeping Clients
STARTUP
$500
Revenue less than $100,000 /Year
Revenue Below 100K /Year
Bookkeeping Must Be Up-to-Date
Issue GIFI
EFile Return
Amortization of Assets and Tax Saving Tips
10% Discount for Our Bookkeeping Clients
SMALL BUSINESS 2
$2000
Revenue $1 Million ~ $2.5 Million /Year
Revenue $1 Million ~ $2.5 Million /Year
Bookkeeping Must Be Up-to-Date
Issue GIFI
EFile Return
Amortization of Assets and Tax Saving Tips
10% Discount for Our Bookkeeping Clients
GROWING
$650
Revenue $100,000 ~ $500,000 /Year
Revenue 100K ~ 500K /Year
Bookkeeping Must Be Up-to-Date
Issue GIFI
EFile Return
Amortization of Assets and Tax Saving Tips
10% Discount for Our Bookkeeping Clients
CUSTOM
CONSULTATION
above $2.5 Million in sales per year
Revenue Over $2.5 Million /Year
Bookkeeping Must Be Up-to-Date
Issue GIFI
EFile Return
Amortization of Assets and Tax Saving Tips
10% Discount for Our Bookkeeping Clients
Resources
Custom Packages Available with Consultation to Fit Your Business.
We work hard to make our rates below our major competitors, while offering outstanding service to our clients.
Frequently asked a questions about our T2 tax return filing packages.
Do I need to do Bookkeeping?
To file T2 returns you need to have finished your bookkeeping to be able to generate GIFI file, balance-sheet and other required documents to file a T2 corporate return. .
Do I need to have a GIFI?
Except insurance companies all other corporations need to have a GIFI form ready to file a T2 tax return.
Do you send corporate financial documents to CRA?
No, CRA do not require any of your receipt and other documents are for filing. however you are required to keep them for 6 years from date of filing and they require them at time of audit.
How detailed GIFI form should be?
There is no specific minimum or maximum of record that needs to be shown to CRA. however Canada Revenue Agency requires your GIFI to be as detailed as your corporation or partnership statements.
Can I submit my personal income tax and corporate together?
Corporations are separate legal entities and their tax is independent of your personal tax. Think of it as a different person. Their taxes are to be filled separately.
Who can use short GIFI?
A corporate that have revenue less than one million dollar and do not use a tax software to submit data can use a short GIFI form T1178.
When is a corporation income tax T2 is due?.
With corporations you set your own fiscal year. most corporations opt for a fiscal years that are to their advantage. for example many choose to file in the second half of the year when personal tax deadline is finished and accountants have more spare time for consultation. deadline for tax filing is 6 months after end of fiscal year and tax payments is due 2 or 3 months after taxation period end, depending on your type of corporation.
What do I need to file my T2 income tax return?
- Corporate Information
(business number, address, fiscal year period dates) - Corporate Financial statements
- Note to your corporation financial statements
- An up to date bookkeeping to produce balancesheet, opening balance sheet, income statement, schedule 24 and Amalgamation or Winding-up forms)
How do I submit my Corporation Taxes.?
We submit your taxes electronically (EFile), except in very special circumstances, no action from your side is needed.
Contact Us
We extend our hours to Saturday and Sunday to help small business owners with their busy schedule during business days. Individual clients are welcomed during these hours as well.