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