Every incorporated business in Canada files a T2, and the return is only the visible part. Behind it sit financial statement schedules, a reconciliation of accounting income to taxable income, and calculations that have to hold up if the CRA ever looks. MN Edge prepares all of it and files it before your deadline.
Two corporations with the same revenue can owe very different amounts of tax. It depends on factors such as the small business deduction, passive investment income, CCA claims, owner compensation, and whether other corporations are associated. These details are not captured by a simple checklist. They require a careful review of your corporate file and financial situation.
MN Edge prepares your corporate tax return by reviewing these factors first, then preparing the T2 and supporting schedules based on the findings. Before filing, we review the completed return with you so you understand what is being claimed and what is driving your tax balance.
Because we also prepare personal tax returns, your corporate filing and T1 can be considered together. This helps us properly review salary, dividends, and shareholder accounts as part of the bigger picture.
Full T2 preparation, filing, and the compliance work that surrounds it.
Complete T2 corporate tax returns, including financial statements, tax schedules, CCA calculations, and required disclosures. Once approved, we electronically file the return with the CRA and provide a full copy for your records.
We review your eligibility for the small business deduction, including associated corporations and passive investment income, to ensure the appropriate corporate tax rate and business limit are applied.
We review your business assets, including vehicles, equipment, and technology, and apply the correct CCA classes and available rules. We also help determine the most appropriate amount to claim each year.
Salary and dividends can affect both corporate and personal taxes, as well as RRSP room and CPP contributions. We compare the overall tax impact to help determine the right approach.
We reconcile GST/HST collected and input tax credits with your accounting records before filing, helping ensure your sales tax reporting aligns with your corporate tax return.
Behind on corporate tax filings? We prepare outstanding returns in the correct sequence, carry forward balances accurately, and help address CRA penalties and interest related to overdue filings.
The obligations that continue between filings are tracked so none of them surprise you.
Your T2 is due six months after your fiscal year end. The balance owing is due earlier, generally two months after year-end, or three months for a CCPC claiming the small business deduction. Filing on time and paying late still costs interest. We calendar both against your specific year end.
Once your corporate tax owing crosses the CRA threshold, payment is expected in instalments through the year rather than as a lump sum at filing. We calculate the amounts, tell you when each is due, and revise the schedule when your income shifts mid-year.
A corporation files every year it exists, including years with no revenue and no activity. Skipping a nil return saves nothing and leaves a compliance gap that resurfaces later during financing, a share sale, or a CRA review.
When a letter arrives, we work out what the CRA is actually asking for, assemble the documentation, and respond on your behalf. Most reviews are resolved with the right paperwork submitted quickly. They become expensive when the letter sits unopened.
The CRA can generally reassess a corporate return for three years from the date on your notice of assessment, and longer where misrepresentation is alleged. Supporting records must be kept for six years from the end of the tax year they relate to. Documentation is what makes a reassessment routine rather than costly.
Your file stays with the professionals who built it. Nobody hands you to a new junior each season, and nobody asks you to re-explain how your business works in year three.
Every claim on your return has documentation behind it. Aggressive filing that cannot survive a review is not a strategy, it is a problem scheduled for later.
Your T2 and your T1 are linked through salary, dividends, and shareholder accounts. We prepare both, so those decisions get made once with the whole picture visible.
Most corporate tax savings have to be arranged before your fiscal year end, not discovered afterward. We raise those conversations while there is still time to act on them.
We go through the finished return with you and explain what drove the number. You should never sign off on a filing you cannot explain to your bank.
Corporate tax filing for incorporated businesses and professional corporations across Mississauga and the GTA, each carrying its own deductions and compliance requirements.
Retailers
Contractors
Consultants
Healthcare Professionals
Real Estate Investors
E-commerce Businesses
Transportation Companies
Professional Service Firms
Four simple steps from consultation to a completed corporate tax return.
We review your corporate structure, fiscal year-end, shareholders, and current filing status. If you are behind, we explain what is needed to catch up.
We collect your financial records and prior-year return, checking that opening balances and key details are accurate.
We prepare your tax return and supporting schedules, then walk you through the completed package before filing.
Once approved, we electronically file your return with the CRA and provide a complete copy. We remain available for CRA questions and future tax planning.
More than just a filed return. You get a clear, accurate, and well-managed corporate tax process.
Corporations and individuals who came for one filing and stayed for every one after.
I’ve had a great experience with MN Edge handling my taxes over the past two years. Everything was explained in a simple and clear way, and the team was always patient and detail-oriented throughout the process. They took the time to answer all my questions and ensured my taxes were filed accurately and on time. It’s clear they have strong expertise and genuinely care about their clients. I would definitely recommend MN Edge to anyone looking for reliable and trustworthy tax services. Truly one of the best experiences I’ve had.
Very helpful experience with MN Edge. I submitted my documents last minute, but they handled everything quickly and efficiently. They also took the time to give me useful suggestions for next year, which I really appreciated. Smooth and professional service overall!
Good service and quick delivery. The quality was nice. I recommend them.
I had a great experience filing my taxes with Amit. He was professional, knowledgeable, and very thorough throughout the process. He reviewed everything carefully and helped me get the maximum tax refund possible. Amit made the entire tax filing process smooth and stress-free, and he was always available to answer my questions. Highly recommended for anyone looking for a reliable and trustworthy tax professional.
A review of your prior-year return and opening balances, preparation of the T2 with GIFI financial statement schedules and all supporting schedules, small business deduction and capital cost allowance calculations, a walkthrough with you before filing, electronic submission to the CRA, and support for any correspondence afterward.
The return is due six months after your fiscal year end. The balance owing is due earlier, generally two months after year-end, or three months for a CCPC claiming the small business deduction. These are separate deadlines and missing the payment date costs interest even if the return itself is on time.
Yes. An incorporated business files annually for as long as it exists, including dormant years. An unfiled nil return creates a compliance gap that tends to surface at the worst time, during financing or a sale.
It applies a lower tax rate to active business income for a Canadian-controlled private corporation, up to a federal business limit of $500,000. The limit is shared among associated corporations and is reduced when the corporate group earns significant passive investment income. We confirm eligibility and calculate the actual limit rather than assuming the full amount applies.
It depends on your income level, whether you want RRSP contribution room, whether you want to contribute to CPP, and how much the corporation is retaining. There is no universally correct answer, which is why we model both against your specific numbers before the fiscal year closes.
We can file them. They have to be prepared in order so each year’s closing balances become the next year’s opening balances, and we handle the CRA on penalties and interest for the arrears. Coming forward voluntarily is always handled better than waiting for CRA contact.
Yes. We request your prior-year returns, financial statements, and records, review them for anything needing correction, and take the file over. Switching does not disrupt your filing schedule and does not have to wait until year end.
Whether this is your first T2, your fifth, or the one you have been putting off for three years, MN Edge prepares returns that are complete, defensible, and filed on time. Book a free consultation and we will tell you where your corporation stands and what it takes to get it filed properly.
MN Edge is a professional accounting firm in Mississauga providing tax preparation, bookkeeping, and accounting services in Mississauga for local small businesses, self-employed professionals, and corporations. We offer personal tax filing (T1), corporate tax returns (T2), GST/HST filing, payroll services, financial statements, and year-end accounting.
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