Corporate Tax Filing & Planning in Vancouver, BC
AL Accounting prepares annual T2 corporate tax returns for owner-managed companies across Metro Vancouver — with year-round planning to minimize your tax bill legally and keep you CRA-ready.
T2 Corporate Tax Returns for BC Small Businesses
Every Canadian corporation must file a T2 tax return within six months of its fiscal year-end. AL Accounting prepares accurate, optimized T2 returns for CCPCs in BC — handling the full range of owner-managed businesses including professional services, consulting, real estate holding companies, and retail operations.
We go beyond simple data entry. Each T2 filing includes a thorough review of your available deductions, CCA claims, and eligibility for the small business deduction — so you don’t leave money on the table.
Our T2 corporate tax service includes:
- Schedule preparation and capital cost allowance (CCA) optimization
- Small business deduction eligibility review (BC rate ~11% vs. ~27% general)
- SR&ED credits where applicable
- Inter-company transactions and related-party disclosures
- Shareholder loan analysis and T2200 preparation where needed
- Filing with CRA electronically via certified tax software
⏰ Key T2 Deadlines
The T2 return is due six months after your fiscal year-end. However, any corporate tax owing is due within two months (three months for eligible CCPCs with the small business deduction). Late filing penalties apply immediately — contact us before the deadline, not after.
CCPC Tax Planning for Vancouver Business Owners
For Canadian-controlled private corporations, the difference between a strategic tax plan and a default one can be tens of thousands of dollars annually. We help owner-managers structure their compensation and corporate finances to minimize combined personal and corporate tax.
Salary vs. Dividends Analysis
Optimize the mix of salary and dividends to minimize combined personal and corporate tax. We model scenarios specific to your income level, RRSP room, CPP elections, and provincial rates.
Small Business Deduction
Ensure your CCPC is structured to maximize the small business deduction (taxed at ~11% in BC vs. ~27% general rate) and understand the associated-corporation rules that can affect your eligibility.
Holdco & Estate Planning
For more complex structures — holding companies, inter-company dividends, or estate freeze considerations — we provide planning analysis and coordinate with your legal advisor.
CRA Correspondence & Audit Support
If CRA sends a letter, requests a review, or initiates an audit, we represent you throughout the process and handle all correspondence. You don’t deal with CRA alone.
New Corporation Setup
Just incorporated? We’ll set up your CRA business number, HST/GST account, payroll program account, and establish the bookkeeping structure from day one — avoiding costly errors later.
Year-Round Tax Planning
We don’t just file and disappear. Year-round planning conversations ensure your compensation structure, expense tracking, and corporate distributions are optimized before year-end — not after.
GST/HST & Payroll for BC Corporations
Corporate tax is only part of the picture. AL Accounting also handles the full compliance stack for your BC corporation:
- GST/HST registration and quarterly/annual filings
- Payroll deductions and T4 slip preparation
- CRA business account setup for new corporations
- PST registration and compliance (BC)
- T5 dividend slip preparation and filing
- Director’s fee and management fee documentation
Industries We Serve in Metro Vancouver
AL Accounting works with owner-managed corporations across a range of industries common in the Lower Mainland:
Professional Services
Consultants, engineers, architects, IT contractors — we understand the nuances of professional corporation tax structures in BC.
Real Estate Holding Companies
Holding corporations with rental properties, inter-company management fees, and complex ownership structures — handled with precision.
Retail & E-Commerce
GST/HST, PST, inventory considerations, and cross-provincial compliance for BC-based retail and online businesses.
Frequently Asked Questions — Corporate Tax
When is my T2 return due?
The T2 is due six months after your fiscal year-end. Tax owing, however, is due within two months (or three months for eligible CCPCs). Late filing penalties apply immediately — don’t miss it.
Do I need to file a T2 even if my corporation had no activity?
Yes. All resident Canadian corporations must file a T2 return annually, even if they were inactive and earned no income during the year. Failure to file can result in penalties and loss of good standing.
My business is a sole proprietorship — can you help?
Yes — we prepare T1 personal tax returns with self-employment income (Schedule T2125) and can advise on whether incorporating makes sense for your specific situation and income level.
How soon can you take on a new corporate client?
We accept new clients on a rolling basis. Contact us early — especially if your year-end is approaching in the next 60–90 days. The sooner we have your records, the more planning options are available.
Do you provide bookkeeping as well?
Yes. Many corporate tax clients also use our bookkeeping service to keep records clean throughout the year. Learn about our bookkeeping services →
Related Services
Get Your T2 Filed Right — the First Time
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