In this video I provide a detailed overview and walkthrough of the T2 corporate tax return. If you are a Canadian business owner and file your own taxes, you will appreciate this video!

TIME STAMPS
00:00 Introduction
00:50 00:50 – The 3 most important components of a T2 corporate tax return
01:29 Overview of archiving software
03:05 The archiving software recommended for beginners
03:15 T2 Overview of corporate tax returns
04:04 Small business deduction
04:16 General tax reduction for CCPCs
04:28 General tax relief for non-CCPCs
04:43 Integration and double taxation
04:55 Businesses and investment income
05:10 How the RDTOH account works
05:25 Part I Taxes
06:13 Example of filling out the information section
07:42 Type of company
11:53 Residency rules
12:56 Balance sheet entry
16:52 Enter income statement
19:06 Schedule 1
8:30 PM 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 and filing deadlines

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