T2 pricing is one of the most common questions new business owners ask after incorporating. Most CPAs don't publish their fees, which leaves you guessing. Here's an honest look at the market.
Typical T2 Cost Ranges in Ontario (2026)
| Corporation Type | Typical Range |
|---|---|
| Simple holding company (no active income) | $500 – $900 |
| Small active CCPC, clean books, low volume | $800 – $1,500 |
| Small active CCPC, moderate complexity | $1,200 – $2,500 |
| Multiple shareholders, dividends, RDTOH | $1,500 – $3,000 |
| Multi-jurisdictional, complex transactions | $3,000 – $6,000+ |
| Large firm / Bay Street CPA | $3,000 – $15,000+ |
What Drives T2 Cost Up?
- Bookkeeping state of records
Clean, reconciled books from QuickBooks or accounting software = lower cost. Shoebox receipts = significantly higher cost (or a separate bookkeeping cleanup charge).
- Number of transactions
A corp with $500K in sales and 200 transactions takes more time than one with $80K and 50 transactions.
- Dividend/salary mix complexity
If you paid yourself a salary (T4) and dividends, the CPA needs to prepare a T4 slip, coordinate with payroll, and optimize the mix.
- Shareholder loans
Section 15 deemed benefit rules and shareholder loan tracking add complexity and audit risk.
- RDTOH, GRIP, LRIP accounts
These tax accounts (Refundable Dividend Tax on Hand, General Rate Income Pool) accumulate inside corps and require careful tracking.
- Year-end adjustments
If your books aren't on accrual basis or need adjustment for tax purposes, that's additional work.
When Is the T2 Due?
The T2 is due 6 months after your corporation's fiscal year end. Tax owing, however, is due 3 months after year-end (2 months for large CCPCs). So for a December 31 year-end: filing deadline is June 30, but taxes must be paid by March 31.
Late filing penalty: 5% of unpaid tax + 1% per month up to 12 months. If you filed late in 3 of the previous 10 years, the penalty doubles to 10% + 2%/month.
How to Keep T2 Costs Low
- Maintain clean, reconciled books throughout the year (or use our bookkeeping service)
- Reconcile all bank and credit card accounts monthly
- Keep your personal and corporate finances strictly separate
- Track shareholder loans precisely
- Communicate proactively with your CPA rather than handing over a mess in April
T2 Filing Included in Our Service Packages
T2 corporate tax returns are included in our service packages. No hourly billing surprises. See our transparent pricing.
View Pricing