ACCOUNTANT EXPLAINS: How To Prepare A T2 Corporate Income Tax Return

In this video I provide a detailed overview and walkthrough of the T2 Corporate Tax Return. If you are a Canadian business owner filing your own tax return you will appreciate this video!

TIMESTAMPS
00:00 Introduction
00:50 00:50 - The 3 Key Components Of A T2 Corporate Tax Return
01:29 Filing Softwares Overview
03:05 The Filing Software Recommended For Beginners
03:15 T2 Corporate Tax Return Overview
04:04 Small Business Deduction
04:16 General Tax Reduction for CCPCs
04:28 General Tax Reduction for non-CCPC’s
04:43 Integration and Double Taxation
04:55 Corporations and Investment Income
05:10 How The RDTOH Account Works
05:25 Part I Tax
06:13 Example Filling Out Information Section
07:42 Type of Corporation
11:53 Residency Rules
12:56 Balance Sheet Input
16:52 Income Statement Input
19:06 Schedule 1
20:30 Schedule 3
21:17 Schedule 4
22:14 Schedule 6
23:11 Schedule 7
24:32 Schedule 8
25:58 Schedule 9 & 11 (Disclosure Schedules)
26:52 Schedule 23
27:55 Schedule 50
29:36 Compliance Rules & Filing Deadlines