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At Tax Filings Canada, we handle every part of your investment corporation tax return, from the filing itself to the planning around it. Our accountants work with corporations and business owners every week, so you can focus on running and growing your business.
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Tax Filings Canada provides cheap, fixed-fee investment corporation tax return across Canada: the T2 return with full GIFI schedules and every provincial filing that applies, built for incorporated businesses and CCPCs, with payment only after your work is complete.
Everything starts with your documents — send what you have and we will sort it.
We build the investment corporation tax return file carefully, matching your records line by line.
The draft comes back to you for a proper look, not a rushed signature.
When you say go, we file it and follow up with the confirmation.
| Factor | Tax Filings Canada | Typical Firm |
|---|---|---|
| Pricing model | Fixed, flat fee | Hourly / unpredictable |
| Payment | Pay after service | Upfront retainer |
| Price match | Yes, on written quotes | Rarely |
| CRA audit support | Included | Billed extra |
| Typical turnaround | 3-5 business days | 2-4 weeks |
The 9% federal small business rate covers the first $500,000 of active business income, with each province layering its own rate on top. We quote investment corporation tax return as one cheap fixed price — the budget-friendly alternative to hourly billing.
What follows is the working view of a tax specialist who prepares investment corporation tax return week in, week out — the points that decide real files.
Here is where every serious conversation about Investment Corporation Tax Return begins: Passive investment income above $50,000 in a year grinds the small business limit down by $5 for every $1 over, eliminating it entirely at $150,000.
The detail that surprises most owners comes next. The 9% federal small business rate applies to the first $500,000 of active business income. That limit is shared across associated corporations rather than available to each of them. Ask what a reviewer will want to see, and the answer sits in this rule: A CCPC’s T2 is due six months after year-end, but the balance owing is due two months after year-end. For many small CCPCs claiming the small business deduction, the balance is due three months after year-end. Filing on time does not stop interest running on an unpaid balance.
If the rules above feel like they might interact in your situation, that instinct is usually right. Sorting out how is the core of what a tax specialist does on a investment corporation tax return engagement. A productive investment corporation tax return engagement starts with paperwork, and the list below covers what to gather.
Every investment corporation tax return engagement carries the same commitments: a fixed fee settled before we begin, your sign-off before anything is filed, and payment only after the service is complete.
Providing transparent fixed pricing and high-quality compliance work for your investment corporation tax return requirements.
Coverage: Standard bookkeeping and investment corporation tax return preparation.
Ideal for early-stage startups and sole proprietors.
Book NowCoverage: Full-service bookkeeping, filings, and CRA compliance support.
Perfect for established small businesses.
Book NowCoverage: Strategic advisory and fractional CFO integration.
Ideal for companies seeking high-growth financial structuring.
Book NowWhy you should partner with Tax Filings Canada Experts for all your investment corporation tax return needs?
Providing tailored investment corporation tax return services to ensure compliance and maximize deductions.
Our tax accountants keep your business compliant with federal and provincial tax rules.
A dedicated team that handles your financials quickly, accurately, and without upfront fees.
Dedicated preparation processes customized for Canadian businesses.
Advanced accounting software integrations with QuickBooks, Xero, and wave accounting.
Customized packages designed to grow as your business operations expand.
Our clear four-step workflow ensuring absolute tax optimization and complete CRA compliance.
Start with a free, no-obligation consultation to review your business’s financial, tax filing and compliance needs and outline our affordable solutions.
Receive a comprehensive checklist and securely provide the required financial records and documents.
Our tax accountant and accounting experts carefully prepare your filings, identify all applicable deductions and credits, and conduct thorough reviews.
We file your documents electronically with the Canada Revenue Agency (CRA) on time and provide post-filing support.
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See how our expert Investment Corporation Tax Return tax and accounting services have helped Canadian businesses save money and stay compliant.
3 years of filings at a second-generation family manufacturer in Calgary, Alberta had never claimed the incentives the work qualified for. The review recovered $78,000.
A second-generation family manufacturer in Calgary, Alberta had been filing for 3 years. In that time, the incentives its activity qualified for were never claimed. Behind that sat two corporations under common control filing as if each had its own $500,000 limit. We tested each activity against the eligibility criteria rather than the description on the invoice. Then we reviewed each capital cost allowance pool and set the claim at the level that kept the small business deduction fully used rather than wasted. $78,000 in credits claimed, with the open prior years adjusted as well. The claim passed review without adjustment.
An import and distribution corporation in Barrie, Ontario faced a $27,000 proposed reassessment. It came after passive investment income that had crossed the $50,000 grind threshold unnoticed. We rebuilt the documentation and the adjustment was withdrawn in full.
An import and distribution corporation in Barrie, Ontario received a proposal letter opening a review of investment corporation tax return. The CRA had identified passive investment income that had crossed the $50,000 grind threshold unnoticed. It proposed an adjustment of $27,000, with 30 days to respond. We treated the response as an evidence exercise rather than an argument. We modelled salary against dividends across both the corporation and the shareholder’s personal return, then set the remuneration mix for the year. We then indexed every supporting document against the specific line the auditor had questioned. The proposed adjustment was withdrawn in full — all $27,000 of it. The file closed in 10 weeks with no change to the assessed amounts and no penalty.
A holding company and its operating subsidiary in Kitchener, Ontario expanded into a second province. The file already carried two corporations under common control filing as if each had its own $500,000 limit. Every obligation was set up in advance and $35,500 of cash released.
Revenue at a holding company and its operating subsidiary in Kitchener, Ontario was up sharply and cash was tighter than ever. Underneath it sat two corporations under common control filing as if each had its own $500,000 limit. We mapped the association rules across the group, allocated the business limit deliberately on Schedule 23, and corrected the prior year by adjustment request. Every new obligation was set up before it was triggered, not after. That covered registration, remittance frequency and provincial filing. $35,500 of cash was released from the working capital cycle. The expansion completed with every registration and filing obligation covered from day one.
A remuneration review at a technology CCPC approaching its first profitable year in Saskatoon, Saskatchewan saved $51,000 across the corporate and personal returns. It found a loss year carried forward by default when carrying it back would have produced a refund cheque.
Nothing was wrong at a technology CCPC approaching its first profitable year in Saskatoon, Saskatchewan. The filings were on time and accurate. What they were not was planned. A loss year carried forward by default when carrying it back would have produced a refund cheque had never been reviewed. We carried the non-capital loss back against the two profitable years and recovered tax already paid instead of holding a carry-forward balance. We ran the numbers across both the corporate and personal returns, so the saving was real rather than deferred into someone else's hands. $51,000 came off the combined corporate and personal tax bill, and the structure holds for future years without further work.
A corporation with a non-calendar fiscal year-end in Ottawa, Ontario was overpaying instalments. The cause was a small business limit quietly shared across three associated corporations nobody had mapped. Rebasing them returned $80,000 to the business.
A corporation with a non-calendar fiscal year-end in Ottawa, Ontario was paying instalments calculated on a prior year. That year no longer reflected the business. A small business limit quietly shared across three associated corporations nobody had mapped was tying up $80,000 of cash. We rebased the instalments on the current-year estimate rather than the prior-year default. Alongside that, we moved passive holdings into a separate structure so the operating company’s small business limit stopped grinding down. $80,000 of cash stayed in the business, the penalty cycle ended, and the instalment position is reviewed each quarter against actual results.
Closing the books at an incorporated consultancy in Toronto, Ontario took 11 weeks. The cause was a balance-due date the owner believed was the same as the filing date. It now takes 8 days.
The accounting file at an incorporated consultancy in Toronto, Ontario had a weak foundation. It was built on a balance-due date the owner believed was the same as the filing date. The year-end had taken 11 weeks each of the last three years. We reconstructed the capital dividend account from the underlying transactions and filed the subsection 83(2) election before the next distribution left the company. We also moved the reconciliations into the monthly cycle, so the year-end stopped being a rebuild. The file reconciles. Month-end closes in 8 days instead of 11 weeks, and the year-end is a review rather than a reconstruction.
Meet the specialists behind your Investment Corporation Tax Return filings. Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
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International Tax, Transfer Pricing Specialist
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Same fixed fees in every province. Find your city or your sector.
Direct answers to what Canadian business owners actually ask before hiring an accountant.
Investment Corporation Tax Return starts at a fixed fee quoted before any work begins. The quote is locked at the outset and does not change mid-engagement, and you pay only after you have reviewed and approved the deliverable. Compare every plan on our transparent pricing page.
At minimum: prior-year returns and notices of assessment, your bank and credit-card statements for the fiscal period, payroll records if you have employees, and GST/HST filings. We send a checklist tailored to your situation after the free 15-minute call.
Most engagements are completed within 3 to 5 business days once your documents are complete. Catch-up work covering multiple years takes longer, and we tell you the realistic timeline before you commit rather than after.
We respond on your behalf at no extra charge for any return we prepared. Every figure we file is supported by documentation retained in your file, which is what turns a CRA review from a crisis into correspondence. See how our CRA audit representation works.
Yes. Late filing penalties compound at 5% of the balance owing plus 1% per month, so the cost of waiting is real. We prioritise catch-up work and, where eligible, file under the CRA's Voluntary Disclosures Program to reduce penalties.
Yes. We serve clients in every province and territory at the same fixed fees, so your location does not change the price or the service. Browse our coverage across Canada to find your city.
We work across construction, healthcare, e-commerce, professional services, restaurants, real estate, transportation, technology and non-profits, each with its own deduction profile and CRA scrutiny patterns. See all industries we serve.
Software applies the rules you already know about. An experienced tax accountant finds the ones you do not: capital cost allowance timing, the small business deduction threshold, shareholder loan repayment rules, and TOSI exposure on family dividends. The fee is usually smaller than the deductions it surfaces.
Our investment corporation tax return services include complete filing, compliance management, and strategic advice customized to Canadian tax laws.
You can start by booking a free 15-minute call. We will review your files, provide a fixed quote, and start working immediately.
A tax filing specialist answers this differently than a search engine, because the rule has edges. A CCPC’s T2 is due six months after year-end, but the balance owing is due two months after year-end. For many small CCPCs claiming the small business deduction, the balance is due three months after year-end. Filing on time does not stop interest running on an unpaid balance. Where your business sits relative to those edges is what we establish in the first meeting.
Let us give you the substance first and the caveats second. A review is won on documentation created at the time, not on explanations offered afterwards. The CRA asks for the source records behind a figure, and an unsupported claim is simply disallowed. Most reassessments we reverse are not the result of a wrong position — they are the result of a correct position with no contemporaneous paper trail behind it. The caveat is simply that facts on your file can shift the outcome, so treat this as the baseline rather than the final word.
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
A small business corporation pays the federal small business rate of 9% on its first $500,000 of active business income for 2026, plus the small business rate of the province where it has a permanent establishment. Above that limit, or once the small business deduction has been ground down, the federal general net rate of 15% for 2026 applies. An unincorporated business works differently: the profit goes on the owner's personal return and is taxed at personal marginal rates.
Some are. Legal fees are deductible when they relate to earning income or defending a tax position, such as collecting salary or wages owed to you, objecting to or appealing an assessment, or running a business. Fees paid to obtain or enforce support are generally deductible for the recipient. Fees for the divorce itself, for custody, or for personal disputes are not, and fees to acquire property are usually added to that property's cost instead.
A tax specialist prepares and files returns, works out how the rules apply to your particular facts, and deals with the CRA on reviews, audits and objections. On the planning side that covers timing income, choosing between salary and dividends, structuring a sale of a business, or correcting a filed year through an adjustment request. Fees vary with complexity, so get the price in writing before work starts and confirm whether CRA follow-up is included.
Claim every genuine business expense and keep the paperwork, then use the structural levers rather than guesswork. A corporation pays the federal small business rate of 9% on the first $500,000 of active business income for 2026 instead of personal rates, so leaving profit inside the company defers tax until you draw it. Time purchases and income around the year end, pay a reasonable salary to create RRSP room, and split income only where the rules truly allow it.
No. Borrowed money is not income because you have to repay it, so a personal or business loan is not reported as income on your return. Interest you pay may be deductible if the money earns business or investment income. Two situations do bite: a debt that is forgiven can create income or reduce a cost base, and an interest-free or low-interest loan from your own corporation can produce a taxable benefit. Get advice before lending to yourself.
Generally no. Counselling is an eligible medical expense only when the person providing it is a medical practitioner authorized to practise in your province and that profession appears on the CRA's list, a psychologist for instance. Counselling from someone outside that list, including many marriage and relationship counsellors, does not qualify. Legal fees to obtain support payments follow separate, narrow rules. Keep receipts and check the CRA's list of authorized medical practitioners for your province before claiming.
No. Money you borrow is not income, so a personal loan from a bank never goes on your return, and repaying the principal is not deductible. Two situations do create tax: an interest-free or low-interest loan from your employer or your own corporation can produce a taxable benefit, and debt forgiven by a lender can have tax consequences. Interest is deductible only where the borrowed money was used to earn income.
Yes. Employment insurance benefits are taxable income, including a retroactive lump sum, and the payer withholds some tax before you receive it. Report the amount in the year you received it, using the benefit slip issued for that year, and expect the tax to be trued up on your return. If the retroactive payment covers earlier years and is large, the CRA can apply a special averaging calculation on request.
Six broad families. Income tax on individuals and corporations. Payroll contributions, meaning CPP and EI. Consumption taxes, meaning GST, HST and provincial sales taxes. Excise duties on fuel, alcohol, tobacco and vaping products. Property and land transfer taxes charged by municipalities and provinces. And tax on gains, including the gains treated as realised on death. Customs duties on imports sit alongside them. Most households only ever deal with the first three.
In Ontario, a tax compliance verification number is a code the Ministry of Finance issues to confirm that your provincial tax accounts are in good standing. Organisations that need proof before dealing with you, provincial ministries awarding contracts and regulators such as the alcohol and gaming authority, ask for it instead of reviewing your filings themselves. It is checked against your accounts when issued, and it expires, so a fresh one is often required.
No GST/HST applies. Menstrual products, including pads, tampons, cups and liners, are zero-rated, so neither the federal GST of 5% for 2025 and 2026 nor the provincial part of the HST is charged on them. The provincial sales tax provinces generally exempt them as well, though each keeps its own exemption list. If a receipt shows tax on these items, ask the retailer to correct it and check the CRA's zero-rated guidance.
No. Canada has no joint return. Each spouse or common-law partner files a separate T1 reporting only their own income. What changes is the identification page: you tick married or common-law and give your partner's name, social insurance number and net income, which opens up couple-level credits and sets the income used for benefits. Most couples still prepare the two returns side by side so donations, medical expenses and pension splitting land on the better return.
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. He is Big 4 trained, at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia. In 2014 he founded his accounting practice to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Sources. CRA — Businesses · Income Tax Act (Justice Laws Website)
