T2 Returns for corporate tax checklist
- Date of incorporation and corporate year end
- Management/shareholder details
- CRA business number, GST account number and payroll account number if applicable
- Company contact details
- Company details and expenses
- Financial statements from previous/current financial year
- Your previous fiscal year’s tax corporate tax return if we have not filed it for you.
- All reports, letters, and statements from Alberta Government and Canada Revenue Agency.
- A copy of the year end bank/credit card statement and the following month’s bank/credit card statement, for any bank accounts or credit cards used for business expenses.
- A copy of receipts of any fixed assets (capital assets) purchased during the year such as a computer, vehicle, equipment, etc.
- If we are preparing your bookkeeping, or are reviewing your bookkeeping in preparation for your corporate tax returns, please submit all that are applicable to you from the following:
- Invoices to your clients on sales or income
- Bank statements, company credit card statements with receipts& invoices from vendor
- Cheque stubs and deposit books
- All receipts for purchases for larger items: computer, furniture, equipment
- Receipts for meals, office supplies, materials, uniform expenses, and other purchases
- Vehicle information – leases, purchases, etc. We need the date purchased and value
- Gas and car wash receipts, parking fees, vehicle repairs and maintenance
- Insurance (business, liability, vehicle…)
- Rent/Mortgage paid for business premises (condo fee if applicable)
- Business phone, cell phone, internet and fax
- Utilities for business
- Advertising and promotions expenses
- Rental equipment
- Shareholder loans
- Wages and salaries paid out
- WCB payments
- Corporate tax, GST, CRA payroll documents, instalments/payments
- Casual labour paid out
- Contractor payments
- Any electronic bookkeeping files e.g. Excel