![]() ![]() The Canada Revenue Agency (CRA) has created the T2 Corporation Income Tax Return, for corporations to fill out in order to file their taxes. Monthly returns are due on 25th of the following month quarterly returns are due by the end of the month following the close of the quarter and the due date for the annual returns changed from Jan. What is a T2 Corporation Income Tax Return Corporations must pay income taxes on their earnings, just like individual tax-filers must. Once you are registered, you will receive information about filing. If you are a new business, register with the Department of Revenue first. The B&O tax is reported and paid on the excise tax return or by electronic filing. Rural County B&O Credit for New Employees. ![]() Credit definitions provide detailed instructions for reporting credits on the tax return. Credits are subtracted from the B&O tax due on your excise tax return. What credits are allowed?Ĭredits are amounts that have been paid to the Department of Revenue and are not due or are granted by the Legislature for a specific purpose. If you're not sure of your classification, see our tax classifications for common business activities page or our list of tax classification definitions. Once you know which classification your business fits into you can find the rate that corresponds to your classification on our list of B&O tax rates. The B&O tax rate varies by classification. This means there are no deductions from the B&O tax for labor, materials, taxes, or other costs of doing business. ![]() Washington’s B&O tax is calculated on the gross income from activities. Washington, unlike many other states, does not have an income tax. ![]() It is measured on the value of products, gross proceeds of sale, or gross income of the business. The state B&O tax is a gross receipts tax. T2 Barcode Corporation Internet Filing T2 Auto-fill ReturnWhat is the business and occupation (B&O) tax? T2 Barcode Corporation Internet Filing T2 Auto-fill Return RC59 T1135 T2 Barcode Corporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 ASAI T2 Barcode Corporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 Pre-validate T2 Barcode Corporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 T1135 T1134 T106Ĭorporation Internet Filing T2 Auto-fill Return RC59 T1135 T1134 T106Ĭorporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 T1135 T1134 T106 RC4649 File your incorporated business tax return easily and accurately. File your incorporated business tax return easily and accurately Accurate step-by-step guidance to help maximize your refund. Thomson Reuters DT Tax and Accounting Inc. TurboTax Business Incorporated, for filing a T2 corporate tax return. T2 Barcode Corporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 T1135 T1134 T106 RC4649 T2 Barcode Corporation Internet Filing Attach-a-doc T2 Auto-fill Return RC59 T1135 It is your responsibility to confirm with the software developer if the software has any restrictions and to make sure you are using the most recent version of the software. If you encounter difficulties with the software, please contact the developer for technical assistance. The CRA cannot be held responsible if programming errors affect the calculation of income tax. The “Services Available” column indicates this certified software product has been approved by the CRA to include new forms/functions provided within this product (for example, T2 Auto-fill my return.) The certified software products below are listed alphabetically by product name. We also do not endorse or recommend any product over another. The CRA does not verify spelling or grammatical errors within the tax preparation software packages. "Certified" tax preparation software means that the developer of the tax package has gone through a process with the CRA to establish that the particular package is compatible with the CRA systems. The Canada Revenue Agency (CRA) certifies commercial tax preparation software packages for use with the Corporation Internet Filing service. ![]()
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