Form detail
CRA Form T2
Corporation Income Tax Return
Country
Canada
Revision year
2024
Methods
paper, efile
Updated
2026-05-20
Corporation Income Tax Return
Annual corporation income tax return for Canadian-resident corporations.
Who must file: All Canadian-resident corporations except certain registered charities and tax-exempt entities; non-resident corporations with Canadian-source income.
Practical overview
Corporate T2 returns are due six months after fiscal-year-end. Tax payment is due two or three months after year-end depending on company size. Key planning items include small-business deduction for CCPCs, refundable Part IV tax on dividends, and the integration regime that taxes corporate income at owner level via gross-up and dividend tax credit.
Practical steps
- Prepare GIFI (General Index of Financial Information) schedules.
- Compute taxable income with all schedules (T2 SCH).
- File T2 within six months of fiscal-year-end via efile.
- Pay corporate tax within two or three months of year-end.
Due-date notes
Filing six months after fiscal-year-end; payment within two or three months depending on size.
Timing: 6 months after year-end
Penalty snapshot
5 percent of unpaid tax plus 1 percent per month for late filing; doubled for recurring late filers.
Related citations
Computed from the cross-reference graph. Links open the related entity on this site.
Primary sources
- CRA: T2 Corporation Income Tax ReturnVerified 2026-05-20
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.