Year-end financial statements
Prepared from your books, or from books we bring into order first. Clean working papers either way, so nothing has to be reconstructed later.
Corporate tax
Corporate tax returns and year ends in Calgary
Year-end statements, the T2, and the Alberta AT1 — prepared once, filed on time, and defended if CRA asks about them afterwards.
T2 corporate return
Federal corporate returns for Alberta corporations, including associated companies, holding companies and several year ends inside one group.
Alberta AT1
A separate filing to Alberta Tax and Revenue Administration, due six months after your year end. It must be net-filed for tax years beginning after 31 December 2024, and failing to file electronically when required carries a $1,000 penalty.
Review-ready files
If your statements go to an outside CPA firm for a review or audit engagement, we hand over a file with the working papers they actually ask for.
Owner-manager planning
Salary and dividend mix, remuneration timing across a year end, and the questions worth asking before a purchase rather than after it.
What we review before the corporate return is filed
A T2 is the final filing, not the whole year end. We review the accounting behind it so issues are dealt with before the return goes to CRA.
Shareholder accounts
Owner advances, reimbursements, draws and amounts owing are reviewed so the balance is understood before tax treatment is decided.
Capital assets and CCA
Equipment, vehicles, computers and other significant purchases are reviewed for capitalization and the appropriate tax treatment.
GST and payroll tie-outs
Where applicable, year-end balances are compared with filed GST returns and payroll records so differences are identified rather than carried forward.
Expenses and unusual transactions
We look for missing, duplicated or unusually classified items and ask about transactions that need context before the accounts are finalized.
Owner-manager remuneration
Salary, dividends and shareholder transactions are considered in the context of the completed year end. Where planning is needed, we identify the questions to address before the next year closes.
Know both corporate tax deadlines
The filing deadline and the balance-due date are not necessarily the same. Our calculator works from your fiscal year end and helps you identify the dates that apply to your corporation.
Common questions
When is my corporate tax return due?
A T2 corporate income tax return is generally due six months after the corporation's fiscal year end. Any balance owing is generally due two months after year end, although qualifying Canadian-controlled private corporations may have three months. Use our Corporate Tax Deadline Calculator to determine the dates that may apply to your corporation.
What if prior-year taxable income was over $500,000?
The three-month extension is lost and the balance is due two months after year end. The test looks at the prior year and aggregates associated corporations, so a group can cross the line even when one company alone would not.
Can you take over mid-year?
Yes. Most files we take on arrive partway through. We tell you what state the books are in before quoting rather than after.
Talk to us before you commit to anything
Thirty minutes, no charge, and a straight answer on whether we're the right fit — including when we're not. You'll have the scope and the fee in writing before any work starts.