T2 Corporation – Income Tax Guide – 2023

T4012(E) Rev. 23

The CRA's publications and personalized correspondence are available in braille, large print, etext, and MP3. For more information, see how to Order alternate formats for persons with disabilities or call 1-800-959-5525. If you are outside Canada and the United States, call 613-940-8497. The CRA only accepts collect calls made through a telephone operator. After your call is accepted by an automated response, you may hear a beep and notice a normal connection delay. This service operates in Eastern Standard Time and is open Monday to Friday from 8:00 am to 8:00 pm and Saturday from 9:00 am to 5:00 pm.

This guide uses plain language to explain the most common tax situations. It is provided for information only and does not replace the law.

La version française de ce guide est intitulée Guide T2 – Déclaration de revenus des sociétés.

Unless otherwise stated, all legislative references are to the Income Tax Act or, where appropriate, the Income Tax Regulations.

The CRA uses the term “Indian” because it has legal meaning under the Indian Act.

Table of contents ^{Footnote 1}

• What's new
• Before you start
• Chapter 1 – Page 1 of the T2 return
  • Identification
• Chapter 2 – Page 2 of the T2 return
  • Attachments
  • Information schedules and forms
  • Calculation schedules
• Chapter 3 – Page 3 of the T2 return
  • Attachments
  • Additional information
  • Calculating net income or loss
  • Losses
  • How to complete Schedule 4, Corporation Loss Continuity and Application
  • Taxable income
• Chapter 4 – Page 4 of the T2 return
  • Small business deduction
• Chapter 5 – Page 5 of the T2 return
  • General tax reduction
• Chapter 6 – Pages 6 and 7 of the T2 return
  • Refundable portion of Part I tax
  • Refundable dividend tax on hand
  • Dividend refund
• Chapter 7 – Page 8 of the T2 return
  • Part I tax
• Chapter 8 – Page 9 of the T2 return
  • Summary of tax and credits
  • Federal tax
  • Provincial and territorial tax
  • Other credits
  • Refund or payment
  • Payment of balance owing
  • Direct deposit request
  • Mandatory electronic filing for tax preparers
  • Certification
  • Language of correspondence
• Related forms and publications
  • List of federal and provincial or territorial corporation schedules and forms
• Digital services
  • Handling business taxes online
  • Electronic payments
• For more information
  • If you need help
  • Direct deposit
  • Forms and publications
  • Electronic mailing lists
  • Teletypewriter (TTY) users
  • Formal disputes (objections and appeals)
  • Service complaints
  • Reprisal complaints
  • Due dates
  • Non-resident corporation enquiries
• Index

• Next page