Corporate Tax Filing Services in Calgary
KL Accounting prepares T2 Corporation Income Tax Returns for Calgary businesses using the corporation’s year-end financial information, applicable tax schedules and supporting records. Corporate tax services may also include review of applicable deductions and capital cost allowance, inactive-corporation filings, T2 adjustment requests and CRA correspondence where included in the engagement.
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PBA Society of Alberta MemberCalgary NE OfficeCorporate Tax Filing Support
Why Choose Us
T2 Return Preparation
Preparation of the federal T2 Corporation Income Tax Return and applicable schedules based on the corporation’s year-end records.
Corporate Records Review
Corporate tax preparation is based on the corporation’s financial information, supporting records and required tax schedules.
Filing Requirements Explained
Filing requirements, deadlines and missing information are explained in practical terms.
Scope Confirmed Before Filing
Records, responsibilities and any additional filing or post-filing work are confirmed before preparation proceeds.
Why Corporate Tax Filing Matters
Annual Corporate Tax Filings
Most resident corporations must file a T2 Corporation Income Tax Return for each tax year even where no federal tax is payable, subject to CRA exceptions. An Alberta AT1 return may also be required where the corporation has an Alberta filing obligation.
Filing & Payment Deadlines
Corporate return filing deadlines and tax payment deadlines are separate and depend on the corporation’s tax year, filing obligations and circumstances.
Year-End Records
Complete bookkeeping, reconciliations and financial information support preparation of corporate tax returns and required schedules.
Corporate Tax Filing Services for Calgary Corporations
Corporate tax filing may involve year-end financial information, tax adjustments, applicable schedules, supporting records and federal or Alberta return requirements based on the corporation’s activities and tax position.
T2 Corporation Income Tax Return Preparation
Prepare the federal T2 Corporation Income Tax Return using the corporation’s year-end financial information, supporting records and applicable CRA schedules.
- Review financial statements and supporting documents
- Prepare required schedules and forms
- Verify calculations before submission
Tax Adjustments, Deductions & Capital Cost Allowance
Review applicable tax adjustments, deductible expenses and capital cost allowance based on the corporation’s year-end information and supporting records.
- Review business expenses and deductions based on the corporation’s activities and supporting records.
- Review capital asset additions and applicable capital cost allowance claims.
- Review year-end tax adjustments and supporting information.
Nil & Inactive Corporation Returns
Prepare T2 returns for inactive corporations where a filing requirement applies, including years in which the corporation had little or no business activity.
- T2 filing where a requirement applies
- Year-end corporate records
- Separate filing and payment deadlines
Financial Information & GIFI Coordination
Coordinate year-end balance sheet and income statement information, applicable General Index of Financial Information (GIFI) schedules and the corporation’s accounting records. A separate compilation engagement is not automatically included.
- Year-end balance sheet and income statement information
- Applicable GIFI information and schedules
- Coordination with year-end accounting records
T2 Adjustments & Reassessment Requests
- Review information requiring correction
- Prepare applicable revised schedules and supporting information
- Coordinate adjustment requests and CRA follow-up within scope
Year-End Corporate Tax Planning
Review available year-end information and identify corporate tax items that may require attention before or as part of the year-end filing process.
- Review the year-end corporate tax position
- Review instalment information and CCA considerations
- Identify filing-related items requiring attention
CRA Correspondence & Post-Filing Support
Where authorization and the agreed scope permit, KL Accounting can assist with CRA correspondence, requests for supporting information and post-filing questions relating to the corporate tax return.
- Review CRA notices and requests within scope
- Organize requested supporting information
- Coordinate authorized responses and follow-up
How It Works
Initial Review
Review the corporation’s tax year, filing status, available accounting records and corporate tax requirements.
Gather Year-End Records
Collect the financial information, tax records and supporting documents needed for preparation.
Prepare T2 & Schedules
Prepare the T2 Corporation Income Tax Return and applicable federal schedules based on the available year-end information.
Review & File
Review the completed filing information and submit the applicable corporate tax return through the appropriate filing process once authorized.
Post-Filing Support
Assist with filing-related questions or tax-authority correspondence where included in the engagement.
Sectors We Serve
Construction & Contractors
Dental Clinics
Physiotherapy & Massage Clinics
Wellness & Spas
Liquor Stores
Consultants & Recruiters
Food Service Businesses
Pubs & Catering Businesses
Corporate Tax Filing May Include
Depending on the corporation’s activities, filing obligations and agreed scope, corporate tax work may include:
T2 Corporation Income Tax Return and Applicable Schedules
Alberta Corporate Tax Filing Requirements Reviewed Where Applicable
GIFI and Financial Statement Information
Review of Tax Adjustments, Deductions and CCA
T2 Adjustment or Reassessment Requests Where Applicable
CRA Correspondence Within Scope
Corporate Tax Filing FAQs
Most resident corporations must file a T2 Corporation Income Tax Return for each tax year even if no federal tax is payable. This generally includes inactive corporations, subject to the exceptions identified by the CRA.
A corporation with a permanent establishment in Alberta is generally required to file an Alberta Corporate Income Tax Return (AT1), unless an Alberta filing exemption applies. The filing requirement depends on the corporation’s circumstances.
The federal T2 return is generally due within six months after the corporation’s tax year-end. An Alberta AT1 return, where required, is also generally due within six months after the tax year-end. Filing deadlines are separate from tax payment deadlines.
No. Corporate income-tax filing and balance-due dates are separate. Federal and Alberta balances are generally due earlier than the six-month filing deadline, and qualifying Canadian-controlled private corporations may have different balance-due rules. The applicable date depends on the corporation’s circumstances.
Most resident corporations must continue filing a federal T2 return even when inactive or when no federal tax is payable, subject to CRA’s stated exceptions. Alberta AT1 filing requirements are separate and may be subject to Alberta filing exemptions.
Examples include year-end bookkeeping and accounting records, bank and credit-card information, income and expense records, asset purchases or disposals, shareholder transactions, payroll and GST information, prior corporate tax information, tax notices and instalment information where relevant. Required records depend on the corporation and engagement.
KL Accounting can review the available records and determine whether bookkeeping cleanup or year-end accounting work is required before the corporate tax return can be prepared.
Yes. Where information on an assessed corporate tax return needs to be corrected or updated, an adjustment or reassessment request may be available through the applicable tax-authority process. Supporting information or revised schedules may be required.
Yes. Where authorization and the agreed scope permit, KL Accounting can assist with filing-related CRA correspondence, requests for supporting information and questions concerning the filed corporate tax return. CRA Audit Support is a separate service where required; it is not automatically included in a standard corporate-tax engagement.
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