Accounting & tax services to support your business needs
Corporate Taxes
Get peace of mind in the knowledge that we are working hard to decrease the amount of tax you legitimately need to pay.
Running a thriving business is exciting and rewarding. However, business owners can be distracted in many ways and lose focus on their business goals. You have enough on your mind, so don’t get bogged down by your tax commitments and responsibilities. Trust the Chartered Professional Accountants at F. Leilaby Accounting Inc. to take the load off by preparing and filing the various corporate tax forms and returns required for your business. As chartered professional accountants, we can ensure accuracy, timeliness, and the application of any corporate tax measures to support your company, made available by the government.
We specialize in business and corporate tax planning and preparation to grow your company and ensure continued compliance with tax regulations.
Corporate Tax Services We Offer:
- Corporate Tax Return (T2) Preparation and Filing
- Commodity tax filings (PST, GST/HST)
- Information returns (T4, T4A, T5, T5018 and other CRA requirements)
- Tax Return Adjustments, Appeals, Reviews and Relief
- Trust Returns (T3)
- Corporation Tax Instalment Remittance
- Charity Tax Returns
Regardless of your business’s stage, we can help with corporate tax planning to support growth and tax preparation to ensure compliance with ever-changing rules and regulations.
Frequently asked questions
When is a Canadian corporate tax return due?
- A T2 corporate income tax return is due six months after your corporation’s fiscal year end. Any balance owing is due earlier than the return itself — generally two or three months after year end depending on the corporation — so the filing deadline and the payment deadline are not the same date. We track both for the corporations we work with.
Does my corporation have to file a T2 even with no income?
- Yes. A resident corporation must file a T2 return every tax year even if it was inactive or had no tax payable. Skipping a nil return is a common and avoidable source of penalties, and it can complicate later filings.
What do you need from me to prepare a corporate return?
- Typically your bookkeeping records or accounting file for the year, bank and credit card statements, prior year returns and notices of assessment, payroll and GST/HST filings, and details of any asset purchases or dispositions. If your bookkeeping is not current we can bring it up to date first — it is one of the services we offer.
Can you take over from another accountant partway through?
- Yes. We regularly pick up corporations from a previous accountant, including files with unfiled prior years. We start by reviewing what has already been filed so nothing is duplicated or missed.
Explore our other services
Get started with our bookkeeping, tax, or business planning services. We invite you to book a consultation today.