Corporate Tax Returns

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Corporate Tax Returns

Corporate Tax Returns for Halifax Businesses

At Halifax Bookkeeping, we understand the complexities of corporate tax filing and are here to make the process stress-free for your business. According to the Canada Revenue Agency (CRA), all resident corporations—except Crown corporations and registered charities—must file a corporate income tax (T2) return every year, even if no taxes are owed. This requirement applies to a wide range of corporations, including:

• Non-profit organizations
• Tax-exempt corporations
• Inactive corporations

Important Filing Deadlines

A corporation’s tax year corresponds to its fiscal period. T2 returns must be filed no later than six months after the last day of the corporation’s tax year. If taxes are owed, payment must be made within 90 days of the fiscal year-end.

For example:

• If your fiscal year ends on December 31, the corporate return is due by June 30 of the following year, while any taxes owed must be paid by March 31.

Failure to meet these deadlines can result in interest charges and penalties imposed by the CRA.

Let Halifax Bookkeeping Handle Your Corporate Taxes

If managing your corporate taxes feels overwhelming, Halifax Bookkeeping is here to help. We are a full-service bookkeeping and accounting firm specializing in corporate tax services. Our team of experienced professionals will ensure your T2 return is accurately prepared and submitted on time.

Whether you prefer to work with us in person or remotely, we’ll tailor our services to meet your business’s needs. Trust us to keep your corporate tax obligations on track, so you can focus on growing your business.

Contact Halifax Bookkeeping today to schedule a consultation!