Скачать или смотреть T2 Corporate Tax Filing Mistakes to AVOID in Canada: Nil vs Zero Return Difference & CRA Penalties

Canadian incorporated contractors, consultants, tradespeople, freelancers, Uber drivers, startups, non-resident corporations, or holding companies – this video is for you!

If your Canadian corporation had no income or was inactive, you might think you can skip filing a T2 corporate tax return. But that simple mistake can triggers CRA late-filing penalties, interest charges and compliance issues.

✅ What You’ll Learn:

➡️ CRA late-filing penalties for corporations (even with zero income)
➡️ GST/HST obligations for corporations earning $30K+
➡️ CRA audit risks of mixing personal and business expenses

❓ FAQs Answered:

➡️ Can I skip filing if my corporation was inactive or had no income?
➡️ What's the difference between a T2 Nil Return vs a Zero Return?
➡️ What are CRA’s rules for GST/HST registration and filing?
➡️ Can I use my personal bank account for my corporation?
➡️ What happens if I miss my T2 corporate tax filing deadline?

Watch this essential video before filing your T2 corporate income tax return! Stay compliant, avoid costly CRA interest and penalties, and ensure you're meeting all key tax obligations.

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🎥 CONTENTS OF THIS VIDEO

00:00 - Intro
00:08 - Inactive Corporation Filing Rules
01:54 - CRA GST/HST Obligations
03:03 - Mixing Personal & Business Expenses
03:48 - Using Personal Bank Account for Corporation

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Got a question about your corporate taxes? Drop it in the comments and we respond to every one! Subscribe for more Canadian tax tips, T2 filing guidance, and CRA compliance advice.

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🔗 MENTIONED IN THIS VIDEO

► Instaccountant's Services
https://instaccountant.com/t2-corpora...

► Filing Your First GST/HST Return Online
   • How to file GST/HST return online for self...  

► Filing Your T2 Corporate Income Tax Return
   • How to File T2 Corporate Income Tax & GST/...  

◼️ 2025 Canadian Small Business Bookkeeping Guide
https://instaccountant.com/bookkeepin...

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Hello from Instaccountant! 🌟 We are your online tax accountants in Toronto specializing in services for independent contractors, self employed gig workers, and freelancers in Canada. Our online and in-office tax and accounting services cater to clients throughout Canada and the USA.

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Disclaimer:
This video is for educational purposes only and does not constitute financial, investment, tax, or legal advice. Always consult a professional for personalized guidance tailored to your specific circumstances.