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Corporate Income Taxes

Who needs to file a corporate income tax return?

All resident corporations have to file a corporation income tax (T2) return every tax year even if there is no tax payable. This includes:

  • non-profit organizations
  • tax-exempt corporations
  • inactive corporations
 
Your corporate income tax return filing and payment are due no later than six months after your corporations year-end. Click here to learn how to make a payment!
 
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Recordkeeping

Records are organized accounting and financial documents that summarize your transactions and include the documents to support these transactions.  Generally, you must keep all required records and supporting documents for a period of six years from the end of the last tax year they relate to.

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Examples of records to keep include:

  • journals
  • ledgers
  • financial statements
  • statements of accounts
  • income tax returns
  • goods and services tax/harmonized sales tax (GST/HST) returns
  • sales invoices
  • receipts
  • bank deposit slips
  • bank statements
  • emails
  • all correspondence that support your transactions

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