Corporate Online Tax Return Services In Canada | Abraham Accounting. - Abraham Accounting: Tax And Accounting Services In Canada

Choose the Right T2 Filing Package for Your Business

Filing your T2 corporate tax return in Canada doesn’t have to be stressful. At Abraham Accounting, we provide professional and efficient corporate tax filing services tailored to meet the needs of Canadian businesses. Whether you’re managing GST/HST filings, T4 and T5 preparation, or communicating with the CRA, our expert team ensures compliance while saving you time and effort. Explore our flexible packages designed for businesses of all sizes.

Our corporate tax return services help Canadian businesses stay compliant and save time. Our Corporate Tax Return (T2) Service Packages provide comprehensive solutions for businesses filing T2 corporate tax returns in Canada. Whether you need basic GST/HST filing or full support with CRA communication, we have the right service for you!

For corporations with low activity and total income under $30,000, you may qualify for discounts of up to 50%, including Nil Return options for businesses with zero income.

Get Expert Assistance with Your Corporate Tax Return Here with Our Services:

Nil (Null) T2 Return

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Ideal For:

Inactive corporations or businesses with zero income or no business activity during the fiscal year.

Companies that need to maintain compliance with CRA but have minimal or no transactions.

Services Include:

Filing a Nil GST Return.
T2 Filing for inactive corporations or those with zero income.
Yearly support for up to 1 hour to address CRA inquiries or provide clarification.
Reporting for a corporation with zero income or inactivity.

Benefits:

– Affordable solution for inactive businesses.
– Ensures compliance with CRA regulations to avoid penalties.
– Simple, no-fuss filing process handled by professionals.

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$175-$225

Basic T2 Return

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Ideal For:

Small businesses or corporations with straightforward financials.

Companies that prepare their own financial statements but require assistance with tax return preparation and filing.

Services Include:

Filing GST/HST Returns.
T2 Filing for corporations with basic reporting needs.
Preparation and submission of T4 (1 included) and T5 (1 included) forms.
Use of financial statements prepared by the client.
Yearly support for up to 2 hours for questions or CRA communications.

Benefits:

– Perfect for small businesses looking for basic tax compliance support.
– Cost-effective package for companies with simpler tax situations.
– Access to professional advice and filing expertise without overspending.

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$725-$925

Added Support T2 Return

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Ideal For:

Growing businesses with moderate financial complexities.

Companies that provide summarized data (e.g., Excel sheets) instead of formal financial statements.

Services Include:

Filing GST/HST Returns.
T2 Filing for corporations requiring additional reporting support.
Preparation of up to 5 slips, including T4, T4A, and T5 forms.
Communication with CRA for up to 2 instances (e.g., addressing notices or queries).
Yearly support for up to 3 hours for CRA communications or general questions.
Basic Audit Support for CRA reviews.

Benefits:

– Ideal for businesses that need additional support with CRA communication.
– Saves time by assisting with summarized financial data preparation.
– Includes extended yearly support for ongoing peace of mind.

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$925-$1,100

Full Support T2 Return

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Ideal For:

Established businesses with detailed financial reporting needs.

Companies using QuickBooks or other software requiring adjustments and review.

Services Include:

A Quick Review of QuickBooks or other accounting software.
T2 Filing for corporations with complex financial reporting needs.
Filing GST/HST Returns.Preparation of up to 10 slips, including T4, T4A, and T5 forms.
Assistance with adjusting entries in QuickBooks or other software.
Communication with CRA for up to 4 instances.
Yearly support for up to 6 hours for questions or CRA communications.
Comprehensive Audit Support for CRA reviews or audits.
Personalized suggestions for improving bookkeeping and tax processes.

Benefits:

– Comprehensive package for businesses with detailed financial and tax requirements.
– Professional review and adjustments for accurate reporting.
– Extensive support for CRA communications and audit readiness.
– Tailored advice to optimize financial operations and ensure compliance.

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$1,100-$2,250

Additional Notes:

*QuickBooks Quick Review: This includes a brief review of your QuickBooks records to verify they are properly organized and ready for tax filing. It’s designed to identify any necessary updates or adjustments before submission.
Pricing Flexibility: For the Full Support package, you can adjust the final price based on the complexity of the client’s needs, such as the number of adjustments or CRA communications.

“Learn more about our Personal Tax Return Services.”

“Read our guide on How to File Your Corporate Tax Return Online.”

Frequently Asked Questions

❓ What is a T2 corporate tax return?🏢

✅ A T2 corporate tax return is the mandatory tax filing for all Canadian corporations, whether they have profits or not. It reports your business income, deductions, and taxes payable to the Canada Revenue Agency (CRA). At Abraham Accounting Inc., we handle the entire T2 filing process, ensuring compliance with CRA regulations.

❓ Who needs to file a T2 return?📅

✅ All incorporated businesses in Canada must file a T2 corporate tax return each year, even if they had no revenue or business activity. This includes small businesses, inactive corporations, and large enterprises. Need help? We can take care of it for you!

❓ How much does it cost to file a corporate tax return (T2)?

✅ Our T2 filing fees vary based on the complexity of your business:
💲 Nil (Inactive) T2 Return – From $175
💲 Basic T2 Return – From $725
💲 Added Support T2 Return – From $925
💲 Full Support T2 Return – From $1,100
📌 Small businesses with revenue under $30,000 may qualify for discounts!
🔍 Check our pricing page for details or contact us for a custom quote.

❓ Do small businesses need to file a T2 tax return?

✅ Yes! All incorporated small businesses in Canada are required to file a T2 tax return annually, even if they have no income or are inactive. This ensures compliance with the Canada Revenue Agency (CRA) regulations. At Abraham Accounting Inc., we specialize in assisting small businesses with their T2 filings, ensuring accuracy and timely submission.

❓ What is included in T2 tax preparation services?

✅ Our T2 tax preparation services at Abraham Accounting Inc. include everything your corporation needs for accurate and compliant tax filing:
📌 Financial Statement Preparation – We organize and prepare your business’s income statement and balance sheet.
📌 T2 Tax Return Filing – Complete corporate tax return preparation and submission to the Canada Revenue Agency (CRA).
📌 GST/HST Return Filing – If applicable, we ensure accurate GST/HST filings to prevent errors or penalties.
📌 T4, T4A, and T5 Slips – We prepare and file employee and shareholder tax slips for payroll and dividend reporting.
📌 CRA Audit & Compliance Support – Need to respond to the CRA? We provide expert guidance and representation in case of reviews or audits.
📌 Adjusting Entries & QuickBooks Review – For clients on our Full Support plan, we review and adjust entries in QuickBooks or other accounting software.
📌 Annual Tax Planning Advice – We help businesses reduce tax liability and ensure smart financial decisions for the year ahead.
📌 Ongoing Support & Consultation – Get dedicated tax support throughout the year to answer questions and handle CRA correspondence.
💡 Please note: Some services may not be available in all packages. Check the details of each package for more information or contact us to find the best option for your business needs.
💡 Need tailored tax services? We customize our packages based on your corporation’s size, activity, and specific needs. Contact us today!

❓ What is the deadline for filing a T2 return?

✅ Corporate tax returns (T2) are due six months after the end of your fiscal year. However, any balance owed must be paid within three months for most corporations. Late filing may result in CRA penalties and interest.
💡 Pro Tip: Don’t wait until the last minute! Contact us early to avoid penalties and ensure accurate filing.

❓ Can I file my T2 tax return electronically?

✅ Absolutely! Filing your T2 tax return electronically is not only efficient but also recommended by the CRA. Electronic filing ensures faster processing times and reduces the likelihood of errors. At Abraham Accounting Inc., we offer secure and efficient electronic filing services, ensuring your return is submitted accurately and promptly.

❓ What are the penalties for late filing of a T2 return?

✅ Timely filing is crucial! Failing to file your T2 tax return by the deadline can result in penalties imposed by the CRA. The standard penalty is 5% of the unpaid tax as of the filing due date, plus an additional 1% of the unpaid tax for each full month the return is late, up to a maximum of 12 months. To avoid these penalties, it’s essential to file on time. Our team at Abraham Accounting Inc. is here to ensure your returns are filed promptly, helping you steer clear of unnecessary fines.

❓ Do you provide your T2 tax return services in Farsi (Persian)?

✅ Yes! At Abraham Accounting Inc., we offer corporate tax return (T2) services in both English and Farsi (Persian) to help Iranian business owners in Canada easily understand their tax obligations.
Our Farsi-speaking accountants ensure clear communication and guide you through the entire T2 filing process, including financial statements, GST/HST returns, and CRA compliance.

❓ What information is required to file a T2 tax return?📑

✅ To prepare your T2 tax return, we’ll need:
📌 Financial statements (income statement & balance sheet)
📌 Business number (BN) & CRA account details
📌 GST/HST filings & payroll records (if applicable)
📌 Details of expenses, assets, and liabilities
📌 Previous year’s tax return (if available)
Not sure if you have all the required documents? We can guide you step by step!

❓ Are there different types of T2 returns?

✅ Yes, there are! The standard T2 Corporation Income Tax Return is used by most corporations. However, certain corporations, such as Canadian-controlled private corporations (CCPCs) that meet specific criteria, may be eligible to file the T2 Short Return, a simplified version of the standard return. Our experts can assess your corporation’s status and determine the most appropriate filing method for you.

❓ Can I file my T2 tax return myself?

✅ Yes, you can file your T2 corporate tax return yourself using CRA-approved software. However, errors in tax filings can lead to penalties, audits, or missed deductions. We ensure accuracy, compliance, and tax-saving opportunities, so you don’t overpay.
📞 Let our experts handle it while you focus on growing your business!

❓ How do I determine my corporation’s fiscal year?

✅ Your corporation’s fiscal year is its tax year, which can be a calendar year or any other 12-month period. For newly incorporated businesses, the first fiscal year can be up to 53 weeks from the date of incorporation. Once established, the fiscal year-end remains consistent unless a change is approved by the CRA. Choosing the right fiscal year is crucial for tax planning, and our team can guide you through this decision to align with your business objectives.

❓ What is the difference between a T2 and a T1 tax return?

✅ A T2 tax return is filed by corporations to report their income, expenses, and taxes payable to the CRA. In contrast, a T1 tax return is filed by individuals, including sole proprietors and partners in a partnership, to report personal income. If you’re operating an incorporated business, the T2 is your go-to return. For unincorporated businesses or personal income reporting, the T1 is applicable.

❓ Can non-resident corporations be required to file a T2 return?

✅ Yes, they can! Non-resident corporations must file a T2 tax return if they:
Carried on business in Canada
Had a taxable capital gain
Disposed of taxable Canadian property
Even if a tax treaty exempts the corporation from Canadian tax, filing a T2 return may still be necessary. Navigating these requirements can be complex, but our team at Abraham Accounting Inc. is equipped to assist non-resident corporations in meeting their Canadian tax obligations.

📞 Ready to File Your T2 Tax Return? Let’s Make It Simple!

✔️ Get expert tax filing with Abraham Accounting Inc.
✔️ Avoid CRA penalties & maximize deductions
✔️ Save time and focus on growing your business

💡 Limited Time Offer: New clients get a free 15-minute consultation!

👉 Book a Free Consultation Now

Corporate Online Tax Return Services in Canada | Abraham Accounting.

Choose the Right T2 Filing Package for Your Business

Nil (Null) T2 Return

Benefits:

Basic T2 Return

Benefits:

Added Support T2 Return

Benefits:

Full Support T2 Return

Benefits:

Additional Notes:

Frequently Asked Questions

📞 Ready to File Your T2 Tax Return? Let’s Make It Simple!

✔️ Get expert tax filing with Abraham Accounting Inc.
✔️ Avoid CRA penalties & maximize deductions
✔️ Save time and focus on growing your business

Like this:

Choose the Right T2 Filing Package for Your Business

Nil (Null) T2 Return

Benefits:

Basic T2 Return

Benefits:

Added Support T2 Return

Benefits:

Full Support T2 Return

Benefits:

Additional Notes:

Frequently Asked Questions

📞 Ready to File Your T2 Tax Return? Let’s Make It Simple!

✔️ Get expert tax filing with Abraham Accounting Inc.✔️ Avoid CRA penalties & maximize deductions✔️ Save time and focus on growing your business

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Like this:

✔️ Get expert tax filing with Abraham Accounting Inc.
✔️ Avoid CRA penalties & maximize deductions
✔️ Save time and focus on growing your business