Our Premier Corporate Tax Accounting Expertise
At Blue Canyon CPA, we are a full-service accounting firm equipped to provide a wide range of tax services, including expert corporate tax services. Whether you're in Toronto, the Greater Toronto Area (GTA), or beyond, our expertise extends to clients across Canada, and we seamlessly collaborate through remote capabilities.
In accordance with the Canada Revenue Agency's regulations, every resident corporation, except crown corporations and resident charities, is required to file a corporate income tax (T2) return annually, even if no tax is payable. This obligation applies to various entities, including non-profit organizations, tax-exempt corporations, and inactive corporations.
As your trusted corporate tax accountant in Toronto, Blue Canyon CPA ensures the timely filing of your returns, within six months following the end of each tax year, aligning with the corporation's fiscal period. When a corporation's tax year concludes on the last day of a month, the returns should be submitted by the last day of the sixth month following the tax year's end. If the tax year doesn't end on the last day of a month, the return deadline is set on the same day of the sixth month after the tax year's conclusion.
It's important to note that while the return filing deadline is six months after the tax year's end, any owed corporate income tax must be paid within three months (90 days) after the tax year's conclusion. At Blue Canyon CPA, we diligently manage these timelines to ensure compliance with Canadian tax regulations."