Completing your corporation income tax (T2) return

For tax years starting after 2023, all corporations have to file their T2 Corporation Income Tax Return electronically, except for:

• insurance corporations
• non-resident corporations
• corporations reporting in functional currency
• corporations that are exempt from tax payable under section 149 of the Income Tax Act

The Canada Revenue Agency (CRA) will charge a $1,000 penalty for non-compliance if a corporation that is required to file electronically does not comply with the requirement.

Topics

• General Index of Financial Information (GIFI)
• Using tax preparation software
• Using CRA-issued forms

Forms and publications

• Guide T4012, T2 Corporation Income Tax Guide
• T2 Corporation Income Tax Return
• T2 Short Return