Everything You Need To Know About Corporate Tax Return in Canada
                     Everything You Need To Know About Corporate Tax Return in 
Canada
https://www.maroofhs.com/tax-services-canada/corporate-tax-ser
vices-canada/
Are you incorporated? Great idea! You can access lower tax rates 
with your corporation and pay less tax. For more than ten years, 
Maroof HS CPA Professional Corporation has been productively aiding 
clients with their Canadian small business & corporate tax needs.
Who need to file a corporate tax return?
All corporations, tax exempt, non-profit and inactive corporations, 
needs to file a tax return every year even if there’s no tax payable! 
It’s a criminal act not to file a corporate tax return. A non-resident 
corporation need to file a T2 return if, at any time in the year, it 
performed business in Canada, it had a taxable money gain, or in 
some scenarios, it disposed of taxable Canadian property.
When do you need to file your corporate tax return?
File your corporate income tax return inside 6 months of the end of 
every tax year. The tax year of a corporation is its financial period. 
When the tax year of the corporation ends on the last day of a 
month, file the corporate income tax return by the last day of the 6th 
month after the end of the tax year. When the last day of the tax 
year isn’t the last day of a month, file the corporate income tax 
return by the same day of the 6th month after the end of the tax 
year.
When do you need to pay the corporate income tax 
owning?
Corporations need to pay corporate income tax in monthly or 
quarterly instalments when the total of the taxes payable for either 
the former year or the present year is more than $3,000. The 
balance of tax the corporation owes for a tax year is due within 
either 2 or 3 months of the end of that tax year, depending on the 
situations of the corporation. If you’re a Canadian Controlled Private 
Corporation and are claiming the small business deduction you can 
pay 3 months after your year end.
Maroof HS CPA Professional Corporation can aid your business with 
tax efficient solution. We pride ourselves on the excellent 
Corporation Income Tax Services we offer to our valued clients. 
Feel free to call us on (647)724-4308!
You can reach us at:
3-100 Hanlan Road, Woodbridge, ON L4L 4V8
Phone: (647)724-4308
Email: [email protected]
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