Corporate tax compliance demands rigorous precision and year-round planning. We prepare and e-file T2 returns for incorporated businesses across Ontario and Canada — reconciling accounting and taxable income, tracking CCA pools, optimizing the Small Business Deduction, and planning the most tax-efficient salary-versus-dividend mix.
Corporate tax compliance in Canada demands rigorous precision and year-round planning. At Lira Tax & Accounting Inc. we prepare and electronically file T2 corporate income tax returns for incorporated entities across Ontario and the rest of Canada — from first-year startups to established holding companies and professional corporations.
Our work goes beyond data entry. We reconcile your accounting net income to taxable income, maintain your Capital Cost Allowance depreciation pools, confirm your eligibility for the Small Business Deduction, review shareholder loan balances, and advise on the most tax-efficient way to pay yourself. You get a complete, defensible filing and a clear picture of what you owe and why.
Ideal forIncorporated businesses, holding companies, professional corporations (medicine, law, dentistry), and startups filing their first T2.
Certified expertise, proactive planning, and clear communication — on every engagement.
Every T2, schedule, and GIFI code is cross-checked against current CRA rules before we file, so you avoid reassessments and penalties.
We test your salary-versus-dividend mix, SBD eligibility, and CCA claims every year to keep your combined corporate and personal tax as low as the rules allow.
We track your fiscal year-end, instalment dates, and the six-month filing deadline, and e-file directly with the CRA well ahead of time.
Straight answers about how this service works and what we need from you.
Your T2 return must be filed no later than six months after your corporation's fiscal year-end. Any balance of tax owing is generally due two months after year-end — three months for eligible Canadian-controlled private corporations claiming the Small Business Deduction. We track these dates for you and file well ahead of the deadline.
Yes. A corporation resident in Canada must file a T2 return every year even with no income, no activity, or as a pure holding company. We prepare “nil” returns so your corporation stays in good standing with the CRA.
Typically your year-end bookkeeping file or trial balance, bank and credit card statements, last year's T2 and Notice of Assessment, records of any asset purchases or sales, and details of shareholder draws or loans. If your books aren't ready, we can bring them up to date as part of the engagement.
Yes — it's part of every corporate tax engagement. We model the combined corporate and personal tax outcome of different compensation mixes, taking into account CPP, RRSP room, income splitting rules, and your cash-flow needs, then recommend the most tax-efficient approach for the year.
Yes. We respond to CRA review letters, assemble the supporting documentation, and represent your corporation through audits and objections. Existing clients are supported as part of their engagement; we also take on audit-only files.
Book a free consultation with our corporate tax specialists. We'll review your year-end, flag planning opportunities, and give you a clear quote — no obligation.
Speak directly with a tax and accounting specialist for your personal or business filings.