
Every incorporated business that is based in the Canada is subject to corporation tax on their profits. For instance, if you’re the director of a limited company then your business must submit a Corporate Tax Return and pay Corporate Tax.

A Corporation tax return (T2) must be filed with CRA by all Incorporated/Limited Companies within 6 months of the end of the tax year. If your company must pay corporation tax, you must determine how much profit it makes each accounting period and how much tax is due.
There are strict penalties for filing late returns and interest is charged on tax paid late, so it is important that the deadlines, which are determined by your company’s annual accounting date, are adhered to.
Our accountants can assist with closing your fiscal year-end, company tax returns and tax computations and will also be able to provide advice on any tax planning areas that may benefit you and your company.
February 2025. Netfile opens for those who want to get a head start on filing. The exact day isn’t yet known as the Canada Revenue Agency (CRA) hasn’t announced the date.
February 28, 2025. If you have employees, this is the last day to file their T4 and T4A slips.
March 1, 2025. It’s the last day to contribute to your registered retirement savings plan (RRSP) for the 2024 tax year. Contributions to an RRSP help reduce your tax bill.
March 31, 2025. Partnerships must file a partnership information return by this date.
May 1, 2025. May 1 is the deadline for individuals to file their returns. It’s usually the last day of April, but it is a day later because April 30 falls on a Sunday in 2024. It’s also the due date for any money owed to the government to be paid, including those who are self-employed (even though the filing deadline is six weeks later).
June 15, 2025. This deadline is for most entrepreneurs, business owners, sole proprietors, and self-employed professionals (including those with side hustles) to file their returns.

By using professionals you know that your tax calculations will be correct and accurate. We will also guide you through the whole process and deal with CRA on your behalf.

You are less likely to be audited by CRA if you use our tax advisor. CRA have ways of knowing if figures are likely to be incorrect. We help you to file your tax return correctly without any common triggers for a tax investigation.

Generally, it will take you much longer to complete your corporate tax return than it would for an accountant. Let us take care of your tax filing needs while you focus on your passion which is growing your business.

We make sure that when we take on a client we work through areas where the tax owed can be reduced. Such as under-declared home office expenses, hiring your spouse or child, and other expenses that can be claimed.
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