Service
Annual financial reporting and T2 compliance for owner-managed corporations.
We organize the year-end process, prepare the agreed financial information and corporate tax return, summarize balances and deadlines, and identify matters that need follow-up. The scope can include compilation engagements, tax instalments, and coordination of related owner filings.
Clean, reconciled records let us focus on tax and business issues rather than rebuilding the ledger. Where the books are incomplete, we can discuss a separate cleanup scope before the year-end work begins.
FAQs about Corporate Year-End & Tax
Fees depend on the engagement, complexity, quality of records and timing. A typical corporate year-end with financial statements and a T2 return generally starts around $2,500. We provide or confirm the fee basis once we understand the scope.
Start Your InquiryThe scope commonly includes year-end adjustments, financial statement or compiled financial information preparation, the T2 corporate income tax return and a summary of taxes and key matters. HST, payroll, T4/T5 slips, bookkeeping cleanup and tax planning may be separate depending on the engagement.
A T2 return is generally due within six months after the corporation’s year-end. The tax balance is usually due earlier — generally two months after year-end, or three months for certain eligible corporations. We confirm the dates that apply to your company.
Typical items include the general ledger or accounting-file access, bank and credit-card reconciliations, loan and investment statements, payroll summaries, HST filings, major purchase or sale documents and prior-year financial statements and tax returns. We provide a tailored request list after acceptance.
Potentially. We first need to identify every outstanding corporate, HST, payroll and information return and assess the state of the bookkeeping. Catch-up files are quoted and scheduled separately from a normal current-year engagement.
Send us the detailsYes. As part of the year-end process we summarize the estimated or final balance, relevant instalments and key payment dates. Tax estimates depend on complete records and may change if additional information is provided.
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Common questions are answered in our FAQWe review every new inquiry before offering a meeting, so we can confirm fit, scope, and whether the discussion involves billable professional advice.
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