A T2 corporate tax return is a mandatory annual filing for all incorporated businesses in Canada, regardless of whether they have generated income. This return is submitted to the Canada Revenue Agency (CRA) and includes detailed information about the company's revenue, expenses, credits, and taxes payable. Filing a T2 return is crucial for maintaining compliance with Canadian tax laws and avoiding potential penalties from the CRA. It also provides an opportunity for businesses to claim eligible tax credits and deductions, which can significantly impact their financial health.

Every return is meticulously prepared and reviewed by a team of Canadian CPAs and tax experts. This ensures not only accuracy and compliance with CRA regulations but also that your business benefits from all available tax credits and deductions. Our professionals stay updated with the latest tax laws and changes, providing you with peace of mind and confidence in your tax filings.

Yes. Even if your corporation has no activity, a Nil T2 must be filed to maintain compliance with the CRA. CloudTax offers a streamlined online filing process for Nil returns starting at $199, ensuring that your submission is both quick and accurate. This service is ideal for businesses that have not generated income but still need to fulfill their tax obligations.

Nil returns → from $199/year
Economy → $749+/year
Full Review & Filing → $1,249+/year
Our pricing structure is designed to be straightforward and easy to understand, ensuring that you know exactly what you're paying for without any unexpected charges. We believe in transparency, so all costs are clearly outlined upfront, allowing you to budget effectively for your corporate tax needs.

Yes. We offer comprehensive multi-year T2 catch-up packages tailored to businesses that have fallen behind on their filings. Our team of experts works diligently to ensure all past returns are accurately filed, helping to minimize any potential CRA penalties and restore your business to full compliance. This service is designed to alleviate the stress of overdue filings and provide peace of mind.

Absolutely. CloudTax is SOC 2 compliant, CRA NETFILE and EFILE-certified, and fully hosted in Canada. We prioritize the security of your data by employing advanced encryption techniques and industry-grade safeguards. Our commitment to data protection means that your sensitive information is handled with the utmost care, ensuring confidentiality and integrity at every step of the process.

If you miss your T2 corporate tax return deadline in Canada, the CRA applies late-filing penalties and daily interest on any balance owing. The standard penalty is 5% of the unpaid tax, plus 1% per month for up to 12 months. If your corporation has filed late in previous years, the penalties can be even higher. At CloudTax, our tax experts help businesses catch up on overdue or multiple-year T2 filings, minimize penalties, and get back into full CRA compliance quickly.

Yes. CloudTax is CRA NETFILE and EFILE-certified for electronic filing of T1 returns, and we use CRA-certified applications to prepare T2 corporate returns, ensuring we meet the CRA’s highest standards for accuracy and compliance.