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Corporate Tax

Corporate Tax Returns

Corporate Tax Returns

Ensure Compliance & Avoid Penalties with Expert Corporate Tax Support

Concept Accounting is a full service accounting firm that can provide a variety of tax services including corporate tax services; Concept Accounting can act as your corporate tax accountant in Kitchener & Waterloo and provide corporate tax services in Kitchener & Waterloo and anywhere else in the GTA. We also work with many of our clients through remote capabilities.

Corporate Tax Returns

Did You Know?

Under the Income Tax Act and Canada Revenue Agency (CRA) regulations, all resident corporations — including:

  • Non-profit organizations

  • Tax-exempt corporations

  • Inactive corporations

must file a corporate income tax return (T2) every year, even if no taxes are owed.

The deadline is six months after your corporation’s fiscal year-end.

  • If your fiscal year ends on the last day of the month, your T2 is due the last day of the sixth month following year-end.

  • If it ends on another day, the due date is the same day of that sixth month.

Example:

  • Fiscal year end: December 31, 202X

  • T2 due: June 30, 202X

  • Taxes owing must be paid by: March 31, 202X

Note: Interest and penalties apply for late payments.

Corporate Tax Returns

Our Role & How We Help

At Concept Accounting, we take the stress and uncertainty out of corporate tax compliance.
Here’s how we help:

 

  • Filing on time, every time – ensuring you meet all deadlines and avoid costly penalties.
  • Preparation of accurate tax financial statements – translating your accounting financials into the General Index of Financial Information (GIFI) statements required by the CRA.
  • Accurate reconciliations – bridging the gap between your financial income and taxable income for precise reporting.
  • Guidance on payment deadlines – so you’re never caught off guard by interest or penalties.
Our process

How We Work With You

  • Initial Review – We assess your business structure, past filings, and ensure all required information is up-to-date.
  • GIFI Preparation – We convert your financial statements into CRA-compliant GIFI format.
  • Corporate T2 Preparation & Filing – We prepare and e-file your T2 return accurately and on time.
Book Your Corporate Tax Return Consultation

Ready to file your Corporate Tax Return?

Let’s connect for a free 25-minute discovery call to discuss your corporate tax filing needs and how we can ensure your returns are accurate, compliant, and filed on time