John Carter

  Filing your corporate tax return in Ottawa isn’t just a once-a-year task — it’s a crucial part of running a compliant and financially healthy business. Yet, many companies, especially small and medium-sized ones, often make avoidable mistakes that can lead to audits, penalties, or missed savings. Whether you're a startup in Nepean or a growing enterprise in downtown Ottawa, proficiency Tax understanding these common pitfalls can help you stay on the right track. Let’s break down the top corporate tax return mistakes businesses make in Ottawa — and how you can avoid them. 📌 1. Missing Deadlines One of the most common mistakes is filing your corporate tax return late. In Canada, corporate returns (T2) are due six months after the end of your business’s fiscal year. Late filing can result in penalties and interest on any balance owed. Tip: Mark your calendar and work with a tax professional early to avoid last-minute stress. 📌 2. Mixing Personal and Business Expense...