What is a late T2 filing?

A late T2 filing occurs when a corporation misses its CRA deadline for submitting its annual corporate income tax return, which is usually 6 months after the fiscal year-end.

What penalties apply for late T2 filings in Ontario?

Penalties include 5% of unpaid taxes plus 1% per month (up to 12 months). Additional penalties apply for repeat late filings, and daily interest compounds on unpaid balances.

Do I have to file if my corporation was inactive?

Yes. Even inactive corporations or corporations with no taxes owing must file a T2 to remain compliant with CRA requirements.

Can CRA penalties be reduced?

Yes. Under certain taxpayer relief provisions, penalties and interest can sometimes be reduced. We can assist with filing requests for relief.

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Late T2 Corporate Tax Filing Services in Ontario

Behind on your corporate tax filings? I help Ontario businesses catch up on overdue T2 returns quickly, accurately, and without stress.

Fix My Late Filings

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Who This Service Is For

If your corporation has missed a filing deadline, penalties and interest may already be adding up. The sooner you act, the more you can minimize costs and avoid further issues with the Canada Revenue Agency.

Missed one or more T2 filing deadlines

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Corporation has never filed taxes

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Multiple years of unfiled returns

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Inactive but still incorporated businesses

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Received notices of non-compliance from the CRA

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What Happens If You File Late?

Late T2 filings can result in:

5% penalty on unpaid taxes
1% additional penalty per month (up to 12 months)
Daily compounding interest
Increased penalties for repeat late filings

Even corporations with zero activity can face compliance issues if returns are not filed.

Get a Quote

Refined Luxury Stats

Simple 3-Step Process

1

Upload Basics (5–7 mins)

Fill out the form with details such as Legal name, BN, year-end, address, directors.

2

We Prepare & File

We prepare the T2, and e-file to CRA.

3

You Get Proof

We send filing confirmation and a copy for your records.

Trusted local Support

Based in Downtown Toronto, serving clients across Ontario.

Work with a professional who files corporate returns every day—fast, accurate, and compliant.

Talk to a Pro (No Pressure)

Frequently Asked Questions

Yes. The Canada Revenue Agency requires all corporations to file, even with no activity.
You can file multiple prior years, and it’s recommended to catch up as soon as possible.
Penalties may still apply, especially for repeated late filings.
Once we have your info, we typically prepare and e-file quickly and send confirmation soon after.
No. This service is only for the T2 Return. We can quote HST, T4/T5, or other filings if needed.