How to Prepare Corporation Income Tax Return for Business in Canada

How to Prepare Corporation Income Tax Return for Business in Canada

How to prepare corporate tax return for Canadian corporations. In this short video, I’ll show you, step-by-step, how to file a T2 Corporation Income Tax Return for your corporation.

By watching this video, you will save hundreds, or even thousands of dollars in professional fees that would have been paid to an accountant.

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Table of contents

00:52 – Income statement
01:18 – Balance Sheet
01:56 – Schedules for preparation of tax return
02:55 – Schedule 100 (Balance Sheet Information)
03:14 – Schedule 125 (Income Statement Information)
03:40 – Schedule 50 (Shareholder Information)
03:56 – Schedule 8 (Capital Cost Allowance [CCA])
05:02 – Schedule 1 (Net Income)
05:45 – Schedule 200 (T2 Corporation Income Tax Return)


The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.