The Canada T2 Corporation Income Tax Return is the official annual income tax return required by the Canada Revenue Agency (CRA) for all Canadian resident corporations. This includes non-profit organizations, tax-exempt corporations, and inactive corporations that have not formally dissolved. The T2 return combines federal, provincial, and territorial income tax reporting in a single filing for most provinces. Businesses in Quebec and Alberta must also file separate provincial corporate income tax returns.
The T2 form applies to tax years ending after 2015 and must be filed within six months of the corporation's fiscal year-end. Businesses with gross revenue over $1 million are required to file electronically through the CRA's EFILE service or My Business Account. The complete T2 return includes the General Index of Financial Information (GIFI) and all applicable schedules for reporting income, claiming deductions, and calculating tax credits under the Income Tax Act and Income Tax Regulations. Corporations that meet specific eligibility requirements may use the simplified T2 SHORT return rather than the standard T2 return. Businesses should consult the T2 Corporation Income Tax Guide (T4012) available from the CRA for detailed instructions on completing the return and attaching the correct schedules.
| Question | Answer |
|---|---|
| Form Name | Canada T2 Tax Form |
| Form Length | 9 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 2 min 15 sec |
| Other names | t2 tax return canada, my account cra tax return, canadian 2018 personal income tax forms, 2018 canadian income tax forms |