Corporations · Mississauga & Across Canada
Year-end corporate returns filed by experienced tax professionals.
Every Canadian corporation must file a T2 corporate income tax return each year — even if it had no income or was inactive. For owner-managed businesses, the T2 is also where most of the tax savings are won or lost: how income is split between salary and dividends, how assets are depreciated, and whether the small business deduction is fully claimed.
ANG Tax & Financial Group prepares year-end financial statements and T2 returns for small and medium-sized corporations, professional corporations and holding companies in Mississauga and across Canada. We work as your small business accountant year-round, so your year-end is a formality rather than a scramble.
Compilation engagement (notice to reader) financial statements prepared from your books, ready for the CRA, your bank and your shareholders.
The right mix of salary and dividends for your personal tax bracket, RRSP room and cash needs — reviewed every year, not set once and forgotten.
Holding company structures, section 85 rollovers, shareholder loan clean-ups and corporate reorganizations handled with the future sale or succession of your business in mind.
If a deadline falls on a weekend or public holiday, the CRA generally accepts filings and payments on the next business day.
Yes. Every resident corporation in Canada must file a T2 return every tax year, whether or not it had income or tax payable. Inactive corporations still have filing obligations, and missed returns can lead to penalties and demands to file from the CRA.
The small business deduction reduces the federal corporate tax rate on the first $500,000 of active business income earned by a Canadian-controlled private corporation. Access can be reduced or lost through association with other corporations or large amounts of passive investment income, so structure matters.
It depends on your personal income, RRSP goals, CPP preferences and the corporation's cash needs. Salary creates RRSP room and CPP entitlement; dividends avoid payroll costs but don't build RRSP room. We model both each year to find the combination that leaves you with the most after tax.
Yes. We request the prior-year financial statements, T2 return and working papers from your previous accountant and pick up from there, so there is no gap in your filings.
More questions? See our tax & accounting FAQs or ask us directly.
Ready to get started?
Visit us at 4 Robert Speck Parkway, Suite 1220, Mississauga — or work with us online from anywhere in Canada.