Small business & corporate
If you have an incorporated business, it files its own T2 return — separate from your personal return — and it must file every year even if the company made no money at all. The return is due six months after your fiscal year end, but any tax owing is due sooner than that, which is the timing most new owners get caught by. We handle T2 returns, GST/HST filing, and the incorporation itself if you are not set up yet. Corporate work is quoted individually and handled one-on-one.
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Your T2 return is due six months after your fiscal year end. Your balance owing is due earlier — generally two months after year end, or three months for many Canadian-controlled private corporations.
So a company can be perfectly on time with its return and still be paying interest, because the money was due before the paperwork was. We plan around both dates rather than just the filing one.
If your corporation had no activity, it still has to file. Companies that quietly stop filing because 'there was nothing to report' end up with a compliance problem that is far more expensive to fix than the returns would have been.
Incorporating is not automatically the right move. It brings real advantages — limited liability, potential tax deferral, credibility with larger clients — but also annual filing costs, more bookkeeping and more formality.
It is usually worth a conversation about your actual numbers before you commit. If it does make sense, we handle the whole setup.
Most of the back-and-forth at year end is us asking for a figure and waiting. This worksheet asks for all of them at once, in the order the return needs them, with the totals working themselves out as you type.
Every line carries its GIFI code — the CRA code the figure becomes on Schedule 125 of the T2. You can ignore those completely; they are there so nothing has to be re-typed at our end, which is where mistakes come from.
Open the worksheet in Google Sheets Download it as Excel
The Google version makes you your own private copy — no one else can see your figures. It does need a Google account, so if you would rather not, the Excel download needs nothing at all. Either way, send it back to info@fiscotax.ca when you are done, or bring it to your appointment.
What it costs. Ontario incorporation is $400 and a NUANS name search is $25. GST/HST returns are $50. T2 returns are quoted individually, because a dormant company and an operating one are very different jobs — call or email for a free quote.
See the full price listSix months after your fiscal year end. Any balance owing is generally due two months after year end, or three months for many Canadian-controlled private corporations — so the payment deadline arrives before the filing one.
Yes. A corporation files every year regardless of activity. Skipping nil returns creates a compliance problem that costs far more to unwind later.
It depends on your income level, whether you want RRSP room and CPP contributions, and what else you have going on. There is no universal answer — we look at your numbers and walk through the trade-offs.
Incorporation is $400 and the NUANS name search is $25. That covers getting the company properly set up and registered.
We prepare year-ends from your records. If your bookkeeping needs work before the return can be done, we will tell you honestly what is needed rather than filing something we are not confident in.
A free, no-obligation consultation — in person in Kitchener-Waterloo, or entirely online from anywhere in Canada. Complete information means we can start the same day.
Book a Free Consultation Get a free corporate quote Corporate year-end form