When is the T2 corporate tax return due in Canada?

The T2 corporate income tax return is due 6 months after your corporation's fiscal year end. For example, if your fiscal year ends December 31, your T2 is due June 30. However, any balance of corporate taxes owing must be paid within 2 or 3 months of fiscal year end (depending on your corporation type) to avoid interest.

What is the small business tax rate in Alberta?

Alberta small businesses (Canadian-Controlled Private Corporations earning under $500,000 of active business income) pay a combined federal and provincial tax rate of 9% — 9% federal small business rate minus the federal abatement plus Alberta's 2% small business provincial rate. Income above $500,000 is taxed at approximately 23% combined.

Does my Alberta corporation need a T2 return even if it had no income?

Yes. All incorporated businesses in Canada — including inactive corporations — must file a T2 return every year within 6 months of fiscal year end. Failure to file results in penalties of $25/day (minimum $100, maximum $2,500) plus interest on any balance owing.

What is the difference between salary and dividends for owner-managers?

Owner-managers of Alberta corporations can choose to pay themselves salary (deductible to the corporation, creates CPP room and RRSP contribution room) or dividends (taxed at preferential rates, no CPP/EI, no RRSP room). The optimal mix depends on total income, personal tax brackets, RRSP goals, and the company's profitability. Our tax professionals analyze your specific situation to find the most tax-efficient combination.

Corporate Tax Calgary | T2 Filing & Planning

Why It Matters

Corporate Tax Errors Are Expensive. Missed Savings Are Permanent.

Most Calgary business owners file their T2 returns to stay compliant — and stop there. That means leaving deductions unclaimed, overpaying on the salary-versus-dividend split, and missing corporate reorganization opportunities that could defer or eliminate thousands in tax. By the time you realize what was available, the tax year is closed.

Swift Accounting brings tax professional-level expertise to every corporate engagement — from first-year incorporated businesses to complex multi-entity holding structures. Your T2 is filed accurately, on time, with every eligible deduction and credit applied. When your income grows, we plan proactively so your tax position evolves with it.

When the CRA reassesses, questions a filing, or initiates a review, we respond on your behalf — professionally and effectively — so you spend your time running your business, not deciphering CRA correspondence.

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What We Offer

Complete Corporate Tax Services for Calgary Businesses

From your annual T2 filing to complex shareholder restructuring — every corporate tax obligation handled with precision, so nothing falls through the cracks.

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T2 Corporate Tax Preparation & Filing

Never miss a T2 deadline or overpay due to an unclaimed deduction. Your return is prepared in full compliance with the Income Tax Act — with every credit identified, every installment tracked, and every filing deadline met.

Year-End Financial Statements

Notice-to-reader and review engagement financial statements prepared alongside your T2 — fully aligned, properly classified, and ready for lenders, shareholders, or any other stakeholder who requires them.

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Shareholder & Dividend Planning

The right salary-to-dividend split saves Calgary owner-managers thousands every year. Get a compensation structure that minimizes personal and corporate tax across all income sources — reviewed and optimized annually as your earnings change.

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Corporate Reorganization

When your business outgrows its original structure, reorganize tax-efficiently. Section 86 share exchanges, butterfly transactions, and related restructurings are executed correctly and fully documented — protecting value and avoiding costly missteps.

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CRA Audits, Appeals & Objections

Receive a CRA reassessment or audit notice without losing sleep over it. We respond on your behalf — gathering documentation, filing Notices of Objection, and resolving disputes efficiently so your business is never left exposed.

Multi-Year & Late-Filing Returns

Behind on corporate filings? Restore your corporation to good standing before penalties compound further. We catch up multi-year returns, minimize late-filing penalties, and negotiate directly with the CRA on your behalf.

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Holding Company Structures

Protect accumulated corporate wealth from business risk and future creditors. A properly structured holding company also enables income splitting, tax deferral on retained earnings, and a cleaner path to long-term succession planning.

Tax Installment & Remittance Planning

Avoid CRA interest charges on underpaid installments. Your corporate tax installments are calculated correctly and scheduled throughout the year — so you never face an unexpected balance owing at filing time.

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SR&ED & Government Incentives

Recover tax dollars your innovation activity has already earned. We identify qualifying SR&ED expenditures and prepare claims for Scientific Research & Experimental Development credits and other government incentives available to Calgary corporations.

Who We Work With

Corporate Tax Support at Every Stage of Growth

Whether you're filing your first T2 or managing a multi-entity structure, Swift Accounting has the depth to handle your corporate tax needs accurately and strategically.

Newly incorporated Calgary businesses filing their first T2

Owner-managed corporations reducing tax through optimized salary and dividend structures

Professional corporations — doctors, lawyers, consultants, and engineers

Holding companies and family trusts protecting accumulated wealth

Construction companies and trades corporations managing project-based income

Real estate holding corporations with rental income and capital gains

Technology companies and startups claiming SR&ED credits

Corporations behind on multiple years of filings requiring CRA catch-up

How It Works

From First Meeting to Filed Return — Every Step Handled

Free Initial Consultation

We review your corporate structure, year-end date, past filings, and any outstanding CRA issues — at no cost and with no obligation.

Financial Statement Preparation

Your year-end financial statements are prepared or reviewed and confirmed accurate — so the numbers your T2 relies on are right before we file.

T2 Preparation & Your Review

Your complete T2 return is prepared with every eligible deduction and credit applied. You review and approve before we submit — no surprises.

Electronic Filing & Year-Round Support

Your return is filed electronically. We remain available throughout the year for CRA correspondence, installment planning, and tax questions as your business grows.

Calgary's Corporate Tax (T2) Specialists