What is a T5 tax slip?
In Canada, a T5 is a tax information slip used to report various types of investment income and distributions. It […]
What is a T5 tax slip? Read More »
Coporate Tax Filing
What is a T2 corporation income tax return?
The T2 Corporation Income Tax Return is a comprehensive document that serves as the primary means for Canadian corporations to
What is a T2 corporation income tax return? Read More »
2024 Automobile Allowance Rate as per CRA, full explanation by an example
Automobile allowance rates The Canada Revenue Agency (CRA) establishes the annual maximum automobile allowance rate for personal automobiles used for
2024 Automobile Allowance Rate as per CRA, full explanation by an example Read More »
Tax Deduction for Dentists and Physicians
Dentists, like any other professionals, can benefit significantly from understanding and maximizing available tax deductions. By strategically leveraging these deductions,
Tax Deduction for Dentists and Physicians Read More »
How do I file my corporate tax return online (2024)?
Abraham Accounting Inc. offers hassle-free online corporate tax filing services. Upon booking an appointment, clients can access a secure platform to upload documents and select the type of return needed. The team prepares the tax return and submits it to CRA after review and approval. Clients receive a summary and ongoing support throughout the process.
How do I file my corporate tax return online (2024)? Read More »
What is the deadline for filing T2 return?
The deadline for filing T2 return depends on the end of the corporation’s tax year. According to the Canada Revenue Agency,
What is the deadline for filing T2 return? Read More »
How do I file a zero corporate tax return in Canada? 2024 version.
All corporations (resident corporations) — including non-profit organizations, tax-exempt corporations, and inactive corporations — have to file a T2 return for every tax year, even if there is no tax payable. The only exceptions to this rule are tax-exempt Crown corporations, Hutterite colonies, and corporations that were registered charities throughout the year.
How do I file a zero corporate tax return in Canada? 2024 version. Read More »