Completing your corporation income tax (T2) return

All corporations with annual gross revenue of more than $1 million have to file their T2 Corporation Income Tax Return electronically, except for:

The 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.

Whether you file electronically or use the traditional CRA-issued return to complete your T2 return, you will have different options for filing your return and preparing your financial statements using the General Index of Financial Information (GIFI).


The $1 million threshold is eliminated for tax years starting after 2023. Most corporations will have to file their return electronically.

Forms and publications

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