Corporate Tax

Canadian resident corporations have to file a corporate income tax (T2) return every tax year even if there is no tax payable. This includes: 

1. Non-profit organizations
2. Tax-exempt corporations
3. Inactive corporations

A non-resident corporation may have to file a return if, at any time in the year, one of the following situations applies: 

1. It carried on business in Canada
2. It had a taxable capital gain
3. It disposed of taxable Canadian property

Corporate tax returns are to be filed no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. Let us handle the complex work!