T2 Corporate Tax Return Cost Calculator Ontario 2026
Build your exact fixed fee for a T2 return and financial statements in under a minute. Every line itemised, every add-on shown before you commit, all fees including HST, and the same price whether you are in Toronto, Mississauga, Brampton or anywhere else in Ontario.
all in, including HST
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Your Quote, Line by Line
| Item | Basis | Fee |
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Included at No Extra Charge
| Included | What It Covers |
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What Would Change This Price
| Trigger | Effect on the Quote |
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Deadlines and Points to Note for Your Engagement
How to Bring This Quote Down
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Disclaimer: All fees shown include HST and are quoted on an annual basis. The quote covers a single corporation with one class of common shares and a standard set of records. The typical local firm figure is an indicative market observation for the same scope in the selected city and is not a quote from any named firm. Complex share structures, holding company groups, trusts, CRA audits, prior-year reassessments, valuation work and regulated industries are quoted separately after review. Your final fee is confirmed in writing in the engagement letter before any work begins.
What a T2 Return Actually Costs in Ontario
Ask five accountants what a T2 costs and you will get five answers, most of them starting with “it depends”. The reason is that almost every firm in Ontario still prices corporate work by the hour, so nobody can tell you the number until the work is finished. That is a poor deal for a small business owner who needs to budget.
We publish the price list instead. Every fee below is fixed, includes HST, and is confirmed in writing before we start. If the scope turns out to be different from what you described, we tell you before doing the work, not after.
Our Published Price List
| Annual Revenue | T2 Return and Financial Statements |
|---|---|
| Dormant, no activity | $400 |
| Up to $100,000 | $400 |
| $100,001 to $250,000 | $400 |
| $250,001 to $500,000 | $400 |
| $500,001 to $1,000,000 | $400 |
| $1,000,001 to $1,500,000 | $400 |
| Above $1,500,000 | $400 |
| Add-On | When It Applies | Fee |
|---|---|---|
| Bookkeeping cleanup, per account | Records partly done and needing reconciliation | $125 |
| Full-year bookkeeping, per account | Nothing entered, statements only | $250 |
| GST/HST reconciliation and annual return | Corporation is registered | $200 |
| T4 slips, summary and PIER reconciliation | Payroll was run during the year | $200 |
| Additional shareholder, each beyond the first | T5 slip and Schedule 50 entry | $50 |
| First-year setup | Opening balances and CRA account setup | $150 |
| Foreign or US reporting | T1134, T1135, T106 or US filings | $500 |
The director’s personal T1 is included at no charge. Every corporate engagement includes one director’s personal return, because the two returns have to agree with each other on dividends, salary and shareholder loans. Charging separately for a return we have to look at anyway never made sense to us.
Why Bookkeeping Status Matters More Than Revenue
A corporation with $900,000 of revenue and clean reconciled books is faster to file than one with $80,000 of revenue and a shoebox. The base fee does not move with revenue at all. It is $400 whether the corporation turned over $40,000 or $4,000,000, because the return itself is the same piece of work. What genuinely changes the price is whether the transactions have already been entered and reconciled.
That is why the calculator asks how many bank and credit card accounts the corporation used. Each account is a separate reconciliation, and a business running two personal cards through the company alongside its business account has four reconciliations, not one.
What Is Included in Every Engagement
- The T2 return itself with all required schedules, EFILE transmitted to the CRA
- Compilation financial statements, balance sheet, income statement and notes
- The director’s personal T1 for one director, at no additional charge
- Ontario annual return filed with the corporate return
- Corporate tax planning review, salary against dividend for the year
- CRA correspondence on the return we filed, at no additional charge
- Year-round questions by email, without a meter running
Deadlines That Decide When You Should Book
| Obligation | Deadline | Cost of Missing It |
|---|---|---|
| T2 return filing | Six months after fiscal year end | 5% of unpaid tax plus 1% per month |
| Corporate tax payment, CCPC | Three months after year end | Daily compounded interest at 7% |
| Corporate tax payment, other corporations | Two months after year end | Daily compounded interest at 7% |
| Ontario annual return | Six months after year end | Corporation can be dissolved |
| T4 slips and summary | Last day of February | Penalty per slip, minimum $100 |
| T5 slips for dividends | Last day of February | Penalty per slip, minimum $100 |
Book before the payment deadline, not the filing deadline. Interest starts running two or three months after your year end, three months before the return is even due. Owners who wait until month five to engage an accountant have usually been paying interest for two months without knowing it. Our T2 late filing penalty calculator shows exactly what that is costing.
What a Cheap Quote Usually Leaves Out
A $300 T2 quote is not necessarily bad value, but it is worth knowing what it typically excludes. The most common omissions are financial statements, the HST reconciliation, the shareholder slips and the director’s personal return, all of which are separately billed later.
| Question to Ask Any Quote | Why It Matters |
|---|---|
| Are financial statements included | A T2 cannot be prepared properly without them, and banks ask for them |
| Is the director’s T1 included | The two returns must agree on dividends and shareholder loans |
| Is HST reconciled to the return | The most common source of CRA reassessment for small corporations |
| Are T4 and T5 slips included | Late slips carry their own penalties, separate from the T2 |
| Is CRA correspondence included | Some firms bill hourly for every letter about a return they filed |
| Is the fee fixed or an estimate | An hourly estimate is not a price, it is a starting point |
Why the Price Is the Same in Every Ontario City
We work virtually across Ontario with a team based entirely in the Greater Toronto Area and no outsourcing. A client in Hamilton receives the same work from the same people as a client in Toronto, so charging a Toronto premium for a Toronto postcode would be difficult to justify. The city selector on this page exists only to show you what the same scope typically costs locally.
How payment works. Payment is by Interac e-Transfer to info@gondaliyacpa.ca. Auto-deposit is enabled, so the security question is Not Applicable. The fee is confirmed in the engagement letter before any work begins, and it does not change unless the scope does. Full service detail is on our corporate tax return filing page.
Frequently Asked Questions
Common questions from Ontario owners pricing a corporate return.
Related Calculators and Guides
More tools for Ontario incorporated business owners.
Lock In This Fixed Quote
Send us your year end date and the figure you built above. We confirm the fee in writing in the engagement letter, tell you exactly which documents to send, and file within the turnaround shown. No hourly meter, no surprise invoice.