If your business is incorporated (lnc., Ltd., or Co. at the end of the business name), you are a corporation and you need to file a T2: Corporation Income Tax Return every tax year.
The Canada Revenue Agency (CRA) states that all resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a T2 return for every tax year, even if there is no tax payable.
Note: The T2 tax return is not available in H&R Block’s Online tax software. If this situation applies to you, click this link to find the retail office closest to you. Our Tax Experts will be happy to help you!