T2 Short: T2 Short Return

What is T2 Short?

The T2 Short Return is a simplified corporate return with fewer schedules than the full T2. It is meant for two kinds of corporation: a Canadian-controlled private corporation with a nil net income or a loss for income tax purposes throughout the year, and a corporation exempt from tax under section 149, such as a non-profit organisation. Other conditions apply, so confirm your corporation qualifies before using it.

This is a dynamic (XFA) PDF designed for Adobe Acrobat Reader and will not fill in a web browser or a basic PDF viewer. Download it and open it in the free Adobe Acrobat Reader. If your corporation does not meet the eligibility conditions, you must file the full T2 instead.

Who files T2 Short?

• Canadian-controlled private corporations with a nil net income or a loss for the year
• Corporations exempt from tax under section 149, such as non-profit organisations
• Eligible corporations with a permanent establishment in only one province or territory
• Small corporations that meet all the conditions listed on the return

How to fill out T2 Short

1. Download the T2 Short and open it in the free Adobe Acrobat Reader; it will not fill in a browser.
2. Confirm your corporation meets the eligibility conditions printed on the return.
3. Enter the corporation's identification details, business number, and tax year.
4. Complete the income and tax sections and any required schedules that come with the return.
5. File the completed return with the CRA within six months of the end of the tax year.