Service 04 · Tax · T2
Your T2 return, filed with the audit
Condominium corporations are generally exempt from income tax as non-profit organizations, but they still file a T2 corporate income tax return every year. We prepare and file it alongside the audit, so it is never missed.
What's included
What you get with this service
Exemption review
Confirming the corporation's non-profit status each year.
T2 preparation
The return prepared from the audited statements.
Investment income
Interest and other income reported correctly.
Filing
Return filed with the Canada Revenue Agency.
CRA correspondence
Help responding to any CRA letters.
Record keeping
Copies kept with your audit file.
Why it matters for your condo
A missed T2 can lead to penalties and CRA letters that land on a volunteer treasurer’s desk. Filing it with the audit removes that risk.
1 return
Filed every year, whether or not tax is owing.
6 months
The T2 filing deadline after the corporation’s year-end.
1 firm
Audit and tax handled together, with nothing to coordinate.
What your property manager will provide
We send these as a dated checklist before year-end, so nothing is a surprise.
- Audited financial statements
- Prior year T2 (first year only)
- CRA business number
- Any CRA correspondence
Common questions
Does our corporation owe tax?
Usually not. Most condo corporations qualify for the non-profit exemption. We confirm this each year when we prepare the return.
Is the T2 included in the audit fee?
Your proposal lists exactly what is included. In most cases the T2 is part of the fixed fee.
Fixed-fee proposal
Get a proposal that includes t2 tax return
Two minutes, no documents needed. We reply within one business day.
Next step
An audit your board can follow, delivered before the AGM clock runs out.
Tell us about your corporation and we will send a clear, fixed-fee proposal. No documents needed to start.