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What Is Corporate Tax Filing in Canada? T2 Return Explained (6 Core Rules)
Corporate tax filing in Canada is the process of preparing and submitting a T2 Corporation Income Tax Return (T2 return)...
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Corporate Tax Filing Deadline for 2025 in Canada: T2 Filing Due Dates, Payments & Instalments
The T2 Corporation Income Tax Return must be filed within six months after the end of each fiscal period. If...
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When Is the Corporate Tax Filing Deadline in Canada?
Canadian corporations must file their T2 Corporation Income Tax Return within 6 months after their tax year-end, pay their balance...
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How to Pay Tax Owing to the CRA Online
Canadian taxpayers can pay tax owing to the Canada Revenue Agency online through four authorized methods: online banking with your...
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What is considered a small business in Canada?
A small business in Canada has 1–99 paid employees. Medium-sized businesses have 100–499 paid employees, and large businesses have 500+...
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Does Square Report to the CRA?
Square has reported Canadian merchant transaction data to the Canada Revenue Agency (CRA) under a 2017 Federal Court order. The...
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Independent contractors in Canada report self-employment income on a T1 personal return using Form T2125 (Statement of Business or Professional Activities). You enter gross revenue, subtract eligible...
Nobody warns you about the tax confusion when you incorporate. One moment you are celebrating the big move, corporation set up, business account open, official stamp on the certificate. Then someone...
Canadians can legally do their taxes for free in three specific ways: by filing a T1 Income Tax and Benefit Return using eligible CRA-certified NETFILE software with a free option, by filing through...
Small Business Tax Checklist for CRA-Compliant Filing Small business owners in Canada need a defined set of documents to file taxes correctly, depending on whether they operate as sole proprietors or...
Running a small business in Canada comes with many responsibilities and one of the most critical is knowing your tax deadlines. Missing a filing or payment date can result in interest charges and...
Filing taxes as a self-employed individual in Canada can feel overwhelming, especially if you’re a sole proprietor managing your own business. This guide explains how to file self-employed taxes step...
One can file your 2025 income taxes electronically via NETFILE starting February 23, 2026. Key deadlines are April 30, 2026 for most individuals, June 15, 2026 for self-employed filers, with all...
How to File Taxes in Canada: Step-by-Step Guide to NETFILE, SimpleFile, and Paper Filing (T1 Return)
Filing taxes in Canada doesn’t have to feel like decoding a foreign language. Yet every year, millions of people put it off because they’re unsure where to start, which method to choose, or what the...
What Is a CRA Audit and Why Does It Happen? The Canada Revenue Agency (CRA) administers tax laws and benefit programs to ensure fairness in Canada’s tax system. CRA audits are not random. Files are...
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