Catch-Up Corporate Tax Filing for Trucking & Transportation Companies
Behind on your trucking company's T2 returns? We file late and multi-year corporate tax for carriers, owner-operators and transportation companies across Ontario, rebuild the bookkeeping behind it including fuel, CCA on tractors and owner-operator costs, and pursue penalty relief where it applies. From $400.
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Trucking Clients
Truckers Live on the Road, So the T2 Slips Behind
When you are running loads, managing fuel costs across provinces and states and chasing settlements from brokers, the corporate return is the easy thing to push to next month. One missed year becomes two, a CRA demand letter lands, and a notional assessment estimates tax far higher than what was really owed, often ignoring the fuel, capital cost allowance on your tractors and owner-operator deductions that change the real numbers. It is one of the most common situations we see in transportation, and it is fixable.
We get carriers current. We rebuild the bookkeeping behind the missing years, including fuel and IFTA, CCA on tractors and trailers, and owner-operator costs, file each late T2 correctly, reconcile your HST and payroll, and pursue taxpayer relief on penalties and interest where the facts support it. Catch-up corporate tax filing for trucking and transportation companies, from $400 per return. AFFORDABLE flat fees.
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Catch-Up Corporate Tax Filing Services for Trucking
Late T2 Filing
Overdue trucking T2 returns prepared and filed correctly to stop penalties growing.
Multi-Year Catch-Up
Several years behind? We file every outstanding year and get you fully current.
Fuel & CCA Rebuild
We reconstruct fuel, IFTA and capital cost allowance on tractors for each missing year.
HST Catch-Up
Outstanding HST returns filed and reconciled, including interlining rules.
Payroll & T5018 Catch-Up
Behind on driver payroll, T4s or owner-operator T5018s? We bring them current.
Penalty Relief & CRA Demands
We respond to CRA demands and pursue taxpayer relief on penalties and interest.
How We Get Your Trucking Company Caught Up
A complete catch-up process so every outstanding year is filed accurately, with fuel, CCA and owner-operator costs handled correctly. AFFORDABLE flat fees.
Review What Is Outstanding
We start by finding out exactly how far behind the company is across every CRA account.
- Confirm which T2 years are missing and the fiscal year-ends involved.
- Check for CRA demands to file, notional assessments and balances owing.
- Review HST, payroll and T5018 accounts for related outstanding filings.
- Identify whether the higher repeat-filer penalties are a risk.
- Map out the full scope so there are no surprises later.
Rebuild the Books, Fuel and CCA
A trucking return is only as accurate as the fuel, mileage and equipment costs behind it.
- Reconstruct revenue from broker settlements, invoices and bank deposits.
- Rebuild fuel costs and IFTA records across the missing periods.
- Set up capital cost allowance on tractors, trailers and equipment.
- Capture repairs, insurance, permits, tolls and per-trip costs.
- Reconcile each year so the numbers stand up to CRA review.
File Each Late T2 Correctly
We prepare and file every outstanding corporate return in the right order.
- Each year's T2 prepared from the rebuilt financial statements.
- CCA, carryforward losses and balances applied year over year.
- Returns filed in sequence so balances flow correctly between years.
- Accurate numbers filed to replace any notional assessment.
- Confirmation that each year is filed and on record with the CRA.
Reconcile HST, Payroll and T5018
Trucking almost always has HST, driver payroll and owner-operator reporting tied to the missing years.
- Outstanding HST returns prepared, with interlining and zero-rated freight handled correctly.
- Input tax credits on fuel, repairs and equipment captured.
- Driver payroll remittances and T4s brought current where behind.
- Owner-operator T5018 slips prepared and filed where required.
- All CRA program accounts reconciled to the same clean records.
Address CRA Demands and Relief
If the CRA has already acted, we deal with it and pursue relief where it fits.
- Respond to demands to file and stop escalating enforcement.
- Replace notional assessments with accurate filed returns.
- Apply for taxpayer relief on penalties and interest where facts support it.
- Consider the Voluntary Disclosures Program where appropriate.
- Represent the company in dealings with the CRA throughout.
Keep You Current Going Forward
Catching up is step one. We make sure it does not happen again.
- Set up monthly or quarterly bookkeeping with fuel and CCA tracking.
- Calendar every T2, HST, payroll and T5018 deadline going forward.
- Flat-fee ongoing compliance so the cost is predictable.
- Year-end and T2 handled together each year on time.
- One firm managing the whole transportation file.
Free Trucking Catch-Up Tax Consultation
Free Trucking Catch-Up Tax Consultation
Case Studies: Trucking Catch-Up Tax Filing
Long-Haul Carrier, Brampton
A long-haul carrier was three years behind on its T2 returns with a CRA demand letter and a notional assessment that ignored its fuel costs and tractor CCA entirely. We rebuilt the fuel, IFTA and capital cost allowance records, filed all three years, and the real numbers were far lower than the CRA estimate. We then applied for relief on the penalties. Get Started →
Owner-Operator, Mississauga
An incorporated owner-operator had two unfiled years and had never claimed CCA on his tractor or his full meal allowances. We rebuilt the books, filed the back HST and T2 returns with the correct deductions, and the corrected returns sharply reduced the tax the CRA had estimated.
Freight Company, Vaughan
A freight company had stopped filing when the bookkeeper left, accumulating four years of unfiled returns with fuel and broker settlements never reconciled. We reconstructed each year, filed them in sequence, and set up ongoing bookkeeping so the company never falls behind again.
Courier & Delivery, Toronto
A courier company facing a CRA payroll and T2 review was behind on both, plus outstanding owner-operator T5018 slips. We brought driver payroll and T5018 reporting current, filed the outstanding T2 returns, and represented the owner through the review, which closed without further assessment.
What Filing Late Costs a Trucking Company
The CRA late-filing penalty grows each month a return is outstanding, which is why filing now matters.
| Situation | Penalty | Plus |
|---|---|---|
| First late T2 (balance owing) | 5% of unpaid tax + 1% per month, up to 12 months | Daily compound interest |
| Repeat late filer (within 3 years, after a demand) | 10% of unpaid tax + 2% per month, up to 20 months | Daily compound interest |
| Not filed at all | CRA notional assessment, often ignoring fuel and CCA and far too high | Enforcement and collection |
| Filed late with relief granted | Penalties and interest may be cancelled or reduced | Based on circumstances |
The repeat-filer trap: A second late trucking T2 within a few years can carry a penalty of up to 10% plus 40% of the unpaid tax. Getting current now, and staying current, is far cheaper than letting another year slip.
Trucking Catch-Up Filing by Number of Years Behind
| Years Behind | What We Do | Typical Priority |
|---|---|---|
| 1 year behind | Rebuild one year with fuel and CCA, file the T2 and HST | File fast to cap the 1% monthly penalty |
| 2 to 3 years behind | Reconstruct each year, file in sequence, reconcile HST, payroll and T5018 | Replace any notional assessment with real numbers |
| 4+ years behind | Full multi-year rebuild, sequenced filing, relief or VDP review | Get current and pursue penalty relief |
| CRA already demanding | Respond to the demand, file accurately, represent you with the CRA | Stop enforcement and correct the assessment |
No matter how far behind: Filing is always better than not filing. The late-filing penalty is capped at the months a return is outstanding, so every month of delay can add another 1%. We get carriers current regardless of how many years have piled up.
What Our Trucking Catch-Up Filing Includes
| Service | What We Do |
|---|---|
| Outstanding review | Full check of which T2, HST, payroll and T5018 filings are missing. |
| Bookkeeping rebuild | Reconstruct revenue, fuel, CCA and operating costs for each missing year. |
| Late T2 filing | Each overdue corporate return prepared and filed correctly. From $400 per return. |
| HST catch-up | Outstanding HST returns filed with interlining handled, ITCs captured. |
| Payroll & T5018 catch-up | Driver source deductions, T4s and owner-operator T5018s brought current. |
| CRA demands | Responses to demands to file and notional assessments. |
| Penalty relief | Taxpayer relief or VDP applications where the facts support them. |
| Going-forward setup | Ongoing bookkeeping with fuel and CCA tracking so it never recurs. |
Is Your Trucking Company Behind on Corporate Tax?
- You have one or more unfiled T2 returns for your trucking corporation
- You received a CRA demand to file or a notional assessment
- Your bookkeeping is incomplete or was never finished for past years
- Your fuel and IFTA records were never properly reconciled
- You never claimed full capital cost allowance on your tractors or trailers
- You have outstanding HST returns for the same periods
- You are behind on driver payroll, T4s or owner-operator T5018s
- You stopped filing when a bookkeeper or accountant left
- You are worried the penalties and interest are growing
- You cannot renew financing or leasing because your filings are not current
- You want the real numbers filed, not a CRA estimate
- You want one firm to handle the whole catch-up
Get Your Trucking Company Current. From $400 per Return.
Late T2, HST and payroll catch-up, plus penalty relief. 30-Day Money-Back.
Why Carriers Choose Gondaliya CPA for Catch-Up Filing
Trucking Specialists
Fuel, IFTA, CCA on tractors, owner-operators and driver payroll.
Multi-Year Experts
We file years of back returns and deal with CRA demands.
Fixed-Fee Pricing
From $400 per return. No hourly. 30-Day Money-Back. 60-Day Fees-Matching.
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Canada's most AFFORDABLE CPA. Flat fees for every service.
Trucking Catch-Up Filing Pricing
| Service | Fee | Includes |
|---|---|---|
| Late T2 corporate return (per year) | From $400 | One outstanding trucking T2 prepared and filed |
| Multi-year catch-up (per return) | From $400 | Each additional outstanding year filed in sequence |
| HST return catch-up (per period) | From $75 | Outstanding HST return filed and reconciled |
Know Your Exact Catch-Up Fee Before We Start
AFFORDABLE flat fee. 30-Day Money-Back. 60-Day Fees-Matching.
Frequently Asked Questions: Trucking Catch-Up Tax Filing
Meet Your Trucking Catch-Up Tax Specialists
Sharad Gondaliya, CPA
Founder & Managing Director
Gondaliya CPA Professional Corporation
Sharad leads multi-year catch-up filing for trucking and transportation companies, handling late T2 returns, fuel, CCA, owner-operators, CRA demands and taxpayer relief across Ontario.
Vandana Goel, CPA
Senior Accountant
Gondaliya CPA Professional Corporation
Vandana rebuilds trucking bookkeeping for the missing years, reconstructing fuel and IFTA, capital cost allowance, HST and driver payroll so each return is accurate.
What Our Clients Say
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10 Smart Strategies for a Trucking Company Behind on Tax
If your trucking company has fallen behind, these are the moves that protect you, lower what you owe, and stop the problem from growing.
- 1File the oldest outstanding year firstFiling the earliest missing T2 stops that year's late-filing penalty from climbing another 1% each month and sets clean opening balances that flow into every year after it.
- 2Rebuild fuel and CCA before you fileA trucking return is wrong without fuel costs and capital cost allowance on your tractors. Reconstructing them first means you file the real taxable income, not an inflated estimate that ignores your two largest deductions.
- 3Claim full CCA on tractors and trailersHighway tractors generally fall in Class 16 at a 40% rate, one of the largest deductions a carrier has. Setting up CCA correctly across each catch-up year can sharply reduce the tax the CRA estimated.
- 4Capture every input tax creditThe HST you paid on fuel, repairs, parts and equipment offsets the HST you collected. Claiming every credit across the catch-up periods directly reduces the HST balance you owe.
- 5Replace notional assessments with real returnsIf the CRA estimated your tax because you did not file, that estimate almost always ignores your fuel and CCA and is far too high. Filing the accurate return replaces the estimate and usually lowers the balance significantly.
- 6Claim owner-operator meal allowancesLong-haul drivers can often claim meal costs under the simplified method, and incorporated owner-operators have related deductions. Capturing these across the catch-up years is money frequently left on the table.
- 7Bring T5018 owner-operator reporting currentMissing T5018 slips for subcontracted owner-operators are a common gap that draws CRA attention. Filing the outstanding slips alongside the T2s keeps your reporting clean and reduces audit risk.
- 8Respond to CRA demands immediatelyOnce the CRA issues a demand to file, ignoring it escalates enforcement and exposes you to the higher repeat-filer penalties. Acting on the demand quickly stops the situation from getting worse.
- 9File even if you cannot pay yetFiling stops the late-filing penalty from growing, even when the balance is not paid. Once the real amount is known, the CRA will often agree to a payment arrangement, which also helps with truck financing.
- 10Set up ongoing bookkeeping after the catch-upGetting current is only half the job. Monthly bookkeeping with fuel and CCA tracking, plus tracked deadlines, keeps the company current going forward so you never face penalties and a notional assessment again.
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Get Your Trucking Company Caught Up.
Late and multi-year corporate tax filing for trucking and transportation companies from $400 per return. Fuel and CCA rebuild, HST, payroll and T5018 catch-up, penalty relief. AFFORDABLE flat fees.