Behind on Your Corporate Tax Returns? We'll Catch You Up.

Missed a year or several? It happens, especially when you're busy running the business. We catch up your books, prepare the overdue year-end statements and T2 returns, and file them with the CRA, oldest year first. You get a fixed price per year before we start.

Book a free 15-minute call

Who this is for

• Corporations that missed one or more T2 returns
• Owners whose books stopped being kept a year or more ago
• Corporations that got a letter or demand to file from the CRA
• Inactive or closed-down corporations that never filed their last returns

What's included

• A review of what's missing: which years, which returns, which records
• Catch-up bookkeeping from your bank and credit card statements
• Year-end financial statements for each overdue year
• T2 returns for each year, filed electronically with the CRA
• A clear summary of what you owe for each year, so there are no surprises

Pricing

You get an exact fixed price for all overdue years after a short call. No hourly billing.

How it works

1. Book a 15-minute call. We find out which years are missing and what records you have.
2. Send your records. Bank and credit card statements for the missing years. We tell you exactly what we need.
3. We catch everything up. Books, statements and T2s for each year, oldest first. We walk you through what you owe before anything is filed.
4. You sign, we file. Each return goes to the CRA electronically and you get copies of everything.

Why J&O Financial

• Corporate tax and bookkeeping for BC businesses since 2013
• Fixed prices, no surprise invoices
• No judgment. We fix it and get you back on track
• Fully remote, anywhere in BC
• We work in English, Russian and Hebrew

Frequently asked questions

What's the penalty for filing a T2 late?

If your corporation owes tax, the CRA charges 5% of the unpaid tax, plus 1% for each full month the return is late, up to 12 months. Interest is charged on top. The penalty is based on unpaid tax, so a year with no tax owing usually has no late-filing penalty, but the return still has to be filed.

Can the penalty be bigger?

Yes. If the CRA sent a demand to file and already charged a late-filing penalty in any of the three previous years, the penalty is 10% of the unpaid tax plus 2% for each full month late, up to 20 months. That's why it pays to catch up before the CRA comes asking.

I don't have all my receipts. Can you still help?

Yes. Bank and credit card statements are usually enough to rebuild the books. We tell you if anything else is needed for a specific year.

How long does catching up take?

It depends on how many years and how many transactions. Once we have your statements, most single-year catch-ups are done in a few weeks. We give you a timeline on the call.

Can the CRA cancel penalties and interest?

Sometimes. The CRA may consider cancelling or waiving penalties and interest when the reason for filing or paying late was beyond your control. We can tell you if it's worth asking.

Once I'm caught up, can you keep me on track?

Yes. Many clients move to monthly bookkeeping in QuickBooks Online, so every year-end is quick and on time.

Year-end financial statements · Corporate tax returns (T2) · See all our services