Internet filing for the single federal and Ontario corporation income tax return

Transcript

"Wow! Completing only one return for my federal and Ontario corporate income taxes was so easy. Bye-bye paper; hello single T2 return!"

As of the first of January 2009, Ontario corporations can file a single return for both federal and provincial corporate income taxes.

"And the new Canada Revenue Agency-approved software packages are great!"

The CRA-approved 2009 T2 Corporation Income Tax Return software packages now include Ontario corporate income tax and credit calculations and schedules, as well as the Ontario Corporations Information Act Annual Return.

"Now, how hard is it going to be to file my return online?"

It will be easy, and you have two options. You can file your return directly using Corporation Internet Filing or you can use My Business Account.

"Perfect. Everything I need to know is right here."

"I really feel good about this. It saved me a lot of time, and it helped the environment too."

For more information about the new single T2 return, go to www.cra-arc.gc.ca and search for T2.

For more information about Internet filing, go to www.cra.gc.ca/eservices.

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