Filing your corporate income tax return (T2) is a crucial aspect of running a business in Canada. At Lepore & Company, we provide comprehensive T2 income tax preparation services tailored to the unique needs of your business.
With over three decades of experience in corporate tax, we help businesses across Hamilton, Stoney Creek, and surrounding areas stay compliant, minimize tax liabilities, and optimize financial performance.
What is a T2 Corporate Income Tax Return?
A T2 Corporate Income Tax Return is a mandatory filing for all incorporated businesses in Canada, regardless of size or industry.
Your T2 tax return includes:
- Income Reporting – Declaring all sources of business revenue.
- Deductions & Expenses – Claiming eligible business expenses to reduce taxable income.
- Tax Credits & Incentives – Applying for corporate tax credits and deductions.
- Financial Statements – Including balance sheets, income statements, and supporting documentation.
- Filing Deadlines & Compliance – Ensuring timely submission to avoid interest and penalties.
Our T2 Income Tax Preparation Services
1. Accurate and Timely Corporate Tax Filing
Filing a T2 return requires more than just reporting revenue and expenses—it involves strategic tax planning, detailed financial analysis, and a deep understanding of tax laws.
- Compliance with CRA regulations and tax laws.
- Maximizing deductions and credits to lower tax liability.
- Ensuring timely filing to avoid penalties and interest.
- Customized strategies to optimize your corporate tax position.
2. Maximizing Deductions and Tax Credits
Every business has unique expenses, tax deductions, and credits that can significantly impact its tax obligations. We analyze your financial records to identify allowable deductions such as:
- Business operating expenses (utilities, rent, salaries, office supplies)
- Capital cost allowances (CCA) on equipment, machinery, and property
- Research & Development (R&D) and Scientific Research & Experimental Development (SR&ED) credits
- Investment tax credits and small business deductions
- Other eligible write-offs and incentives
3. Tax Planning & Strategy for Long-Term Growth
At Lepore & Company, our tax preparation services go beyond annual filing. We help businesses with year-round tax planning to align with corporate financial goals.
- Structuring business operations for tax efficiency.
- Managing cash flow and planning for future tax liabilities.
- Advising on incorporation and corporate tax advantages.
- Assisting with CRA compliance and tax optimization.
4. CRA Compliance & Audit Readiness
The CRA regularly reviews corporate tax filings, and inaccurate reporting can lead to tax audits, reassessments, or penalties. Our team ensures your T2 tax return is fully compliant with CRA regulations, reducing the risk of red flags and audit triggers.
- Assisting in gathering required documentation.
- Liaising with CRA representatives on your behalf.
- Ensuring proper representation and resolution of tax issues.
5. Filing for New Businesses & Startups
If you have recently incorporated your business, navigating your first T2 tax filing can be overwhelming. Our team provides step-by-step guidance to ensure your first corporate tax return is filed correctly.
- Understand corporate tax obligations and compliance requirements.
- Set up proper bookkeeping and financial records for tax efficiency.
- Identify tax-saving opportunities and small business deductions.
Why Choose Lepore & Company for T2 Tax Preparation?
With over 30 years of experience in corporate taxation, Lepore & Company is a trusted partner for businesses across Ontario. When you work with us, you receive:
- Expertise & Accuracy – Our team ensures precise and compliant tax filings.
- Proactive Tax Planning – We help businesses plan ahead and minimize tax liabilities.
- CRA Compliance & Representation – Avoid audits, penalties, and tax issues.
- Tailored Solutions – Every business is unique, and we provide customized tax strategies.
- Client-Centric Approach – We prioritize transparency, efficiency, and personalized service.
Get Professional T2 Tax Preparation Today
Don’t let corporate tax filing become a burden—let the experts at Lepore & Company handle it for you. With our comprehensive T2 income tax preparation services, you can ensure compliance, accuracy, and maximum tax savings.
Contact us today