T2short 2019-2024 Form

Instructions and help about T2short

hello and welcome to taxon web tutorial video series today we will show you how to prepare a T2 nil return or T2 shorty year return on taxon web before we delve into the demonstration let's briefly overview what a T2 short is the t2 short return comprises two pages plus three key schedules schedule one for net income loss schedule 8 for Capital cost allowance CC a schedule 50 for shareholder information eligibility the corporation must maintain ccpc status throughout the tax year for the current year the corporation should report either nil net income or a loss for income tax purposes to qualify for the use of this return throughout this video we will systematically navigate the steps involved in completing a nil T2 short return let's start by logging into your tax web account navigate to the t2 client section and click on new client fill out the necessary details related to Corporation information once you have done click on save button your corporation information has been saved now