Income tax for an incorporated business

The Business Number

Do I need a Business Number (BN)?

To find out if you need a Corporation Income Tax account, visit our
Do You Need One Web page.

The corporation income tax return

How do I complete my corporation income tax return?

Starting in Chapter 1, our T2 Corporation - Income Tax Guide walks you through it, step by step.

How do I file my corporation's return with the CRA?

See our Web page called How to file a corporation income tax return for the answer.

What is the General Index of Financial Information (GIFI)?

For information on the GIFI and how to use it, go to our General Index of Financial Information (GIFI) Web page.

When do I file?

The answer is contained in our T2 Corporation - Income Tax Guide, under When do you have to file your return?.

Instalments and Payments

How much corporate income tax should I set aside?

To find out what tax instalments you're required to pay, check out How to calculate your instalments of tax in our Corporation Instalment Guide.

When do I pay my corporation income tax?

You can find out payment deadlines under Instalment due dates/Balance due dates in our Corporation Instalment Guide.

How can I pay a balance and make monthly instalments electronically through my financial institution?

Find out how on our Electronic Payments for Business page.

Penalties and interest / Overdue taxes

What penalties and interest does the CRA charge for non-compliance?

Find details on penalties and interest under the following headings in our Corporation Instalment Guide:

• "Instalment Interest"
• "Instalment Penalty"
• "Arrears Interest"

What are the CRA's collections policies for individuals, businesses, and organizations that owe money to the Crown?

Find the answer in the Collections Policies Information Circular.

CRA Contacts

How can I get help or find more information?

The Do you have an Income Tax Problem? section in our Corporation Instalment Guide provides several phone numbers you can call to speak with a knowledgeable agent.