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PricingService areasAll services →Corporate Tax Accountant in Richmond Hill
Corporate Tax Accountant in Richmond Hill
CPA-led T2 preparation and e-filing for Richmond Hill corporations. T2 returns from $800, nil returns from $249, + HST/GST.
- CPA-led by Wajahat Ajmal, CPA, FCCA (verify on CPA Ontario)
- Price matching, when agreed before you sign our proposal
- No surprise bills: the price is fixed before we start
- We reply mostly within one business day
- 24/7 receptionist, a real person answers
Last updated: October 15, 2026
Corporate tax for Richmond Hill corporations
Many Richmond Hill T2s belong to professional corporations: physicians, dentists, optometrists and engineers who incorporated to keep part of their income in the company. Alongside them are software and engineering firms near Highway 404, family holding companies and restaurants. For each, the key T2 questions are how profit is paid out, how much investment income the company earns and whether the small business deduction is protected.
I’m Wajahat Ajmal, CPA, FCCA. T-Ledgers is a CPA-led accounting firm practising since 2020. We work with Richmond Hill clients by phone, video and email. If you’d rather meet in person, our Mississauga office at 100 Matheson Blvd E, Suite 204 is available by appointment.
Richmond Hill rules that affect your T2
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| Local rule or situation | How it shows up on your T2 | Official source |
|---|---|---|
| Professional corporations | Health professionals incorporate under the Business Corporations Act with a certificate from their regulatory college. Their T2 is a regular T2, but salary or dividend planning and family shareholders need care. | Ontario Business Corporations Act |
| Passive investment income | Once a corporation and its associated companies earn more than $50,000 of investment income in a year, the small business limit for the next year starts to shrink. We track it every year. | Income Tax Act s.125(5.1) |
| No municipal land transfer tax | A holding company buying a Richmond Hill property pays Ontario land transfer tax only, which goes into the property cost. | Ontario land transfer tax |
Law: Ontario Business Corporations Act s.3.1, s.3.2 (professional corporations); Income Tax Act s.125(5.1)(b) (passive income grind); Income Tax Act s.120.4 (tax on split income); Land Transfer Tax Act s.2(1) (Ontario land transfer tax).
What's different for Richmond Hill corporations
For a Richmond Hill professional corporation, the T2 is where investment income, dividends to family members and the small business limit meet. We check the passive income test every year, confirm that any dividends to a spouse or adult children fit the tax on split income rules, and plan the owner’s salary and dividends with the T1 in view.
Software and engineering firms in Beaver Creek often have SR&ED-eligible work, contractors abroad and customers in the US. On the T2 we report foreign exchange correctly, check whether related-party dealings with non-residents need a T106, and prepare the SR&ED claim end to end where it applies, quoted separately.
A typical Richmond Hill T2
An illustrative example (not a client story). A Richmond Hill dentist’s professional corporation earns practice income and holds an investment account that grew to produce about $40,000 of income this year. On the T2 we claim the small business deduction, report the investment income and refundable tax, pay out dividends that recover that refundable tax, and warn the owner that another year of growth could start to reduce the small business limit.
What our T2 service covers
- Full T2, schedules and GIFI
- CPA review and e-filing
- Instalments planned
Deadlines and the 11.2% rate: our corporate tax (T2) page.
Law: Income Tax Act s.150(1)(a) (T2 due six months after year-end); Income Tax Act s.157(1) (instalments and balance due); Income Tax Act s.125(1) (small business deduction); Income Tax Act s.162(1), (7.2) (late filing and e-filing penalties); Ontario corporate income tax rates.
Corporate tax pricing in Richmond Hill
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| Service | Price |
|---|---|
| T2 return | ✓From $800 |
| Nil T2 (no activity) | ✓From $249 |
| SR&ED claim, prepared end to end (including the T661) | Quoted after consultation |
| Catch-up years | Included in catch-up bookkeeping, from $1,800 per year | Foreign reporting | Quoted separately |
CAD, + HST/GST. Details: T2 pricing.
More for Richmond Hill corporations
- Accountant in Richmond Hill
- Corporate tax (T2)
- Bookkeeping in Richmond Hill
- Personal tax in Richmond Hill
- Incorporation in Richmond Hill
Reviewed by Wajahat Ajmal, CPA, FCCA. Official sources checked October 2026.
Corporate tax in Richmond Hill: FAQs
Do you file T2s for professional corporations in Richmond Hill?
Yes. We file for medical, dental and other professional corporations, including salary and dividend planning and the passive income test.
Can my spouse receive dividends from my professional corporation?
Possibly, but the tax on split income rules apply to most family dividends. We check whether an exception fits before any dividend is paid.
How much does a corporate tax return cost in Richmond Hill?
From $800 + HST/GST for a simple T2 for an active corporation, and from $249 for a nil T2 with no activity at all. Non-routine work is quoted before we start.
When is my T2 due?
Six months after your year-end. Any balance owing is generally due two months after year-end, or three months for qualifying Canadian-controlled private corporations.
More questions? See our corporate tax FAQs or our general FAQ.
Ready to get your T2 off your desk?
Book a free 30-minute call with a CPA and get a fixed price, mostly within one business day. If you have a lower written quote for the same work, show it to us before you sign the proposal and we’ll match it.
Call (866) 254-5368 or email info@tledgers.ca. A 24/7 receptionist answers, so a real person picks up.