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2025 T2 Returns: Corporate Tax Compliance

Learn how to complete a T2 corporate tax return, meet compliance deadlines, and navigate tax rules with real-world examples.

Created byJason Fleming
IntermediateUpdated Feb 23, 2025

What You'll Learn

  • check_circleAccurately complete a T2 corporate tax return, including all required schedules.
  • check_circleUnderstand compliance rules, filing deadlines, and penalties to avoid late filings.
  • check_circleDifferentiate between taxable income, investment income, and business income for tax purposes.
  • check_circleApply capital cost allowance (CCA) calculations to determine tax depreciation.
  • check_circleMaximize tax savings through the small business deduction (SBD) and other available credits.
  • check_circleNavigate refundable taxes, dividend refunds, and part 4 tax obligations for private corporations.
  • check_circleProperly allocate taxable income for companies with multiple provincial establishments.
  • check_circleHandle reassessments, file objections, and make amendments to corporate tax returns when necessary.

About This Course

Are you ready for corporate tax season? This webinar will explain how to complete a corporate tax return (a T2). Tax compliance rules and deadlines are also discussed. There are numerous examples to explain everything needed for tax season.

This course provides a thorough understanding of the T2 corporate tax return process in Canada, including compliance rules, reporting requirements, deadlines, and tax-saving opportunities. Participants will learn how to properly complete a corporate tax return, navigate tax credits, refunds, and penalties, and ensure full compliance with the Canada Revenue Agency (CRA) requirements. The course will also cover changes in corporate tax regulations, investment income considerations, and strategies to maximize deductions while avoiding costly mistakes.

Features

This webinar discusses the following:

  • Due dates, late filing penalties, tax preparation software, and the T2 Short
  • First-time tax filers and GIFI
  • Net income for tax purposes, capital gains, capital cost allowance (CCA), recapture, and terminal loss
  • Taxable income, loss carryovers, tax credits (including the small business deduction), related and associated corporations
  • Refundable taxes, RDTOH, Part IV tax, and the dividend refund
  • Allocating taxable income among provinces
  • What happens after you file the return, instalments, and how to amend a T2

Course Content

2 activities • 2 videos • duration: 2h 35m

remove
Section 12 videos • 2.6 hours
  • videocamPart 1
    Duration 76:53
  • videocamPart 2
    Duration 78:57
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Final Assessment1 quiz

Your Instructor

Jason Fleming

CPA, CA, M.Acc

menu_book20 courses
star5,305 reviews

Jason Fleming is a Chartered Professional Accountant (CPA), Chartered Accountant (CA) with a master’s degree in accounting. Jason is an associate professor, teaching stream, at York University, previously he was a tax manager at a Big-4 accounting firm in Toronto. Jason completed the CICA’s In-Depth tax course, ranked 8th in Ontario on the UFE (the CA professional exam) and taught tax week at the ICAO's Summer School. Jason is the author of CFE Tax, 9th edition, CFE Case Writing, 3rd edition and various tax articles.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

5.0 out of 5
Student's Choice
732 reviews
  • ST
    Susan T.
    starstarstarstarstar

    This was a good refresher for me, as I have not worked in a firm in 10 years, and have to start in one soon.

  • CB
    Charlotte B.
    starstarstarstarstar

    The course was great - thought it was slow at the beginning but then the subject matter became more detailed and it was presented well.

  • WS
    Weronika S.
    starstarstarstarstar

    Very informative course. Excellent presentation skills, many examples provided to better understand concepts.

  • AW
    Andrew W.
    starstarstarstarstar

    Good information.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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