Corporations

A corporation is a separate legal entity. It can enter into contracts and own property in its own name, separately and distinctly from its owners. It has to pay tax on its income, and therefore must file its own income tax return.

Most corporations can file their return through the Internet using a Canada Revenue Agency approved software. For more information, see Corporation Internet Filing. You may be able to pay your Corporation remittances using Electronic payments for business.

You can make an Online request for certain financial actions, additional remittance vouchers, other communication products, as well as reproductions of previously issued correspondence on your account.

Did you know?

You can deduct outlays and expenses you incur for eligible disability-related modifications made to a building in the year you paid them, instead of having to add them to the capital cost of your building. Eligible disability-related modifications include changes you make to accommodate wheelchairs. You can also deduct expenses paid to install or get disability-related devices and equipment.

Forms and publications

• T2 Corporation – Income Tax Guide (T4012)
• Guide to the General Index of Financial Information (GIFI) for Corporations (RC4088)
• Corporation Instalment Guide (T7B-CORP)
• Keeping Records (RC4409)