T2 Return Preparation Lantern

Why T2 Return Preparation Matters for Your Corporation

Getting the Basics Right Every incorporated business in Canada faces a yearly deadline that can feel like a heavy weight. The T2 corporate tax return is the official way a corporation reports its income to the Canada Revenue Agency. Unlike a personal tax return, the T2 return requires a full set of financial statements, including a balance sheet and an income statement. For many business owners, the complexity of T2 return preparation is the main reason they put it off. I h