MG007 Posted March 26, 2023 Report Share Posted March 26, 2023 Can you use Ufile software to e-file T2 for 2021 and 2022? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 26, 2023 Report Share Posted March 26, 2023 Hello MG007, UFile T2 for corporations is free to try, you only pay when you are ready to file with the CRA. *Is only available online*. It is designed for the CCPC (Canadian Controlled Private Corporation). To order UFile T2 for corporations please go to https://www.ufile.ca/products/ufilet2 Start for free Create New Account >>Select the UFile T2 tab at the top of the page >>Create New taxpayer (with Corporation Friendly name -- for your own use) and the tax year (Fiscal year end) Start with the fiscal (calendar) year you desire - be sure that your fiscal year end corresponds to the correct tax year eg. May 1, 2020-April 30, 2021 fiscal year = 2021 tax year. Who can use UFileT2? https://www.ufile.ca/products/who-can-use-ufilet2 Supported Forms: https://www.ufile.ca/products/supported-forms-for-ufilet2 More information : https://www.ufile.ca/products/ufilet2 If your company meets the following criteria, don't file your tax return by hand, UFile it! Your company is a CCPC (Canadian Controlled Private Corporation) throughout the tax year It has a permanent establishment in only one province or territory It is not claiming any refundable credits (other than a refund of installments paid) It did not receive or pay out taxable dividends from/to connected corporations It is reporting in Canadian currency It does not have an Ontario transitional tax debit It does not have an amount calculated under section 34.2 of the federal Act. UFileT2 also supports the filing (paper or EFILE) of corporations reporting the following: Active business income (e.g. income from selling meals for a restaurant) Income from "other property" (e.g. rental income from a property owned by the corporation) Dispositions of capital property Losses carried forward and carried back (capital property losses and non-capital losses) Capital cost allowance (CCA) Quote Link to comment Share on other sites More sharing options...
MG007 Posted March 26, 2023 Author Report Share Posted March 26, 2023 Thanks - So I can use Ufile to complete and efile T2 returns for 2021 and 2022? Also, does Ufile support reporting gain/loss on shares? Dividend on share investment ? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 26, 2023 Report Share Posted March 26, 2023 Hello, Yes to both 2021 / 2022 and gain/ losss and dividends. (but not dividends from associated companies - for this we have a professional software - DTMax T2) Quote Link to comment Share on other sites More sharing options...
MG007 Posted March 26, 2023 Author Report Share Posted March 26, 2023 one more question - can we file T1135? (foreign securities ownership)? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 27, 2023 Report Share Posted March 27, 2023 Hello MG007, UFIle T2 does not support T11135. We have professional software DTMAX which supports T1135. If you want more information about that software, please contact us. Phone: 514-733-8355 or 1-800-663-7829 E-mail sales@drtax.ca Website: https://www.thomsonreuters.ca/en/dtprofessionalsuite/products/dtmax/dtmaxt2.html Quote Link to comment Share on other sites More sharing options...
Pranitha Posted April 7 Report Share Posted April 7 Please confirm the price for filing one T2 return using UFile T2 for Fiscal year ending Aug 31, 2023. Thank you Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 8 Report Share Posted April 8 Hello Pranitha, If your corporation is a Canadian-Controlled Private Corporation (CCPC), UFile T2 ONLINE is available at a cost of $ 186.95 (2024 price) per return (per tax year) plus tax. Please contact us for more information. Please open a request ticket on-line at https://www.ufile.ca/contact/contact-us. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.