Overview
At Bestax, we provide all types of tax solutions for small businesses nationwide. Our goal is to make tax season stress-free for you and fully compliant with the Canada Revenue Agency (CRA).
About Bestax Bestax is a trusted Canadian tax firm with over a decade of combined experience in accounting and tax solutions. We also specialize in filing T2 corporate tax returns for companies of all sizes. Our team stays up-to-date on new CRA updates. We help startups and established businesses maximize deductions, claim eligible tax credits, and avoid penalties. We also ensure your business keeps more of its earnings. With Bestax handling your taxes, you can focus on growing your business with confidence.
Why it matters
We simplify the tax filing process so you can save time and avoid costly mistakes.
We manage every step of your corporate tax return, from gathering financial statements, receipts to looking at minute book details. We then determine whether your business qualifies for the standard T2 return or the simplified T2 Short Return.
CRA now requires most corporations to file electronically. Using CRA-approved software, we submit your return directly. We help you avoid penalties while providing instant confirmation and copies for your records.
We calculate both federal and provincial corporate taxes, including the small business deduction. It can reduce federal tax on up to $500,000 of active business income.
For corporations that owe more than $3,000 in taxes, or have taxable income under $500,000, the CRA requires monthly or quarterly instalments. We help you estimate payments, set a clear schedule, and send reminders so deadlines are never missed.
Maintaining a proper minute book is a legal requirement in Canada. We organize and update your records, including board resolutions, shareholder meetings, and major corporate transactions, ensuring compliance and peace of mind.
If the CRA has questions about your return or selects your file for review, we act as your direct liaison. From preparing supporting documentation to responding to audits, we manage all communication on your behalf.
How we work
At Bestax, our approach ensures your corporate tax return in Canada is accurate, timely, and fully compliant with CRA regulations .
Next, we review your financial statements, receipts, and minute book. We create a clear plan to meet the CRA’s six-month filing deadline after your fiscal year-end. Then we identify any required instalment payments. Proper planning ensures your corporate tax filing is smooth and avoids late penalties.
We apply all eligible deductions and credits (small business deduction) to reduce your tax liability. Our experts ensure you comply with federal and provincial tax rates. We verify all of your calculations and confirm that your return is ready for electronic filing, helping you avoid CRA penalties.
Our team prepares your T2 return, completes the necessary schedules, and files it for you. We also provide support for other corporate obligations, including payroll, GST/HST remittances, and related tax filings, giving you peace of mind.
Tax regulations frequently change. We continuously monitor updates, adjust your filing strategy, and provide reminders for upcoming deadlines. We also maintain and update your minute book to ensure it is audit-ready and fully compliant with Canadian corporate law.
We believe in transparency. Our team explains complex tax rules in simple terms, answers your questions, and empowers you to understand your tax filing process. This ensures you make informed decisions and feel confident in your business’s compliance strategy.
Why Bestax
Our advisors keep up with CRA rules. We use the latest knowledge to file your T2 return correctly and on time.
Every business is different from others. We analyse your financials, consider available deductions and credits (including the small business deduction), and draft a plan just for you.
Each province has its own corporate tax rates and rules. Our team understands both federal and provincial requirements and ensures you comply with each jurisdiction.
We won't leave you alone after filing. We remind you of instalment deadlines, help you stay current with GST/HST, and keep your minute book organised, a legal requirement for corporations.
We make filing easy. You upload your documents; we handle the rest. We work with CRA‑approved software to submit your T2 return and provide copies for your records.
You’ll know the cost up front. We offer clear, flat‑fee packages for corporate tax return filing. No surprises, just good value.
Our Success Stories
Verified reviews published on Trustpilot and Google.
One of the best firm I have dealt with in Ontario. Bestax supported my corporate tax filing perfectly and even answered my silly questions without getting irritated. Love the personal touch they add to service.
During a very busy personal and corporate tax season in Canada, Bestax stayed on top of our tax filings, bookkeeping, and CRA deadlines. Amazing service when we needed it
Bestax Accountants in Mississauga provides exceptional service for small businesses. Their expertise in corporate accounting, tax planning, and payroll services has been invaluable to my company.
FAQ
Answers to what clients ask us most about small business tax services. Still stuck? Send us the question.
All resident corporations in Canada, including non-profits, inactive companies, and tax-exempt entities, must file a T2 corporate income tax return every year, even if no tax is payable.
A T2 return must be filed within six months after your fiscal year-end. For example, a December 31 year-end has a filing deadline of June 30 the following year. Missing this deadline can result in penalties and interest from the CRA.
For tax years starting after 2023, most corporations are required to file electronically. CRA penalties can reach up to $1,000 for non-compliance. We make sure your filing is submitted correctly and on time.
The standard T2 return is a nine-page form used by most corporations. The T2 Short Return is a simplified two-page version available for certain Canadian-controlled private corporations with nil returns or losses, and some tax-exempt entities.
Corporations owing less than $3,000, including first-year companies, typically pay the balance in full. If your business owes more than $3,000 and has taxable income under $500,000, monthly or quarterly instalments may be required. We can help you calculate and manage payments efficiently.
Canadian-controlled private corporations may qualify for the small business deduction, which lowers federal tax on the first $500,000 of active business income. Bestax reviews eligibility and ensures the deduction is applied correctly.
You’ll need financial statements (income statement, balance sheet, cash-flow), bookkeeping records, receipts, T-slips, and minute books. Proper documentation ensures accurate reporting and compliance.
Non-resident corporations that carry on business in Canada or earn taxable capital gains may be required to file. Bestax can determine your obligations and ensure full CRA compliance.
Minute books are legally required under the Canada Business Corporations Act. They document board meetings, shareholder resolutions, and key transactions, supporting compliance and simplifying tax filing.
A knowledgeable accountant identifies eligible deductions, tax credits, and compliance strategies. Bestax ensures your T2 return is accurate, timely, and optimized, helping you minimize taxes and avoid penalties.
Read first
More from Bestax
Accounting software services integrate platforms seamlessly, streamlining processes and ensuring accuracy. Optimize workflows with Bestax today.
Alberta business registration services handle provincial filings, ensuring a seamless setup. Begin your Alberta venture now with Bestax today.
Backlog accounting services clear past records, reconcile transactions and restore accuracy to your books. Fix your books with Bestax today.
Filing taxes doesn’t have to be difficult for small business owners. At Bestax, we simplify the process for you and make sure you are up to date.
