Late and Unfiled Business Tax Returns, Filed for a Flat Fee

Haven't filed business taxes in years? We file overdue T2, T1/T2125 and GST/HST returns for a flat fee and handle the CRA for you. Book a free call.

If your business has missed one or more tax deadlines, the fastest way to limit penalties and interest is to file every overdue return as soon as possible. Sansar Solutions prepares and files late T2 corporate returns, T1 personal returns (including T2125 for sole proprietors) and GST/HST returns for Canadian businesses, and deals with the CRA on your behalf.

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Which returns we file

Return Who files it Standard deadline*
T2 corporate income tax Every resident corporation, even inactive ones 6 months after fiscal year-end
T1 personal + T2125 Sole proprietors and partners June 15 (any balance owing is due April 30)
T1 for directors/owners Shareholders taking salary or dividends April 30
GST/HST (and BC PST) Registered businesses Depends on reporting period
Payroll (T4/T5) Employers and corporations paying dividends End of February

*Summarized from CRA guidance. Confirm on canada.ca for your situation.

What happens if you don't file

  • Late-filing penalties. For a T2 with a balance owing: generally 5% of the unpaid tax plus 1% per full month late, up to 12 months. Repeat late filers can face double penalties.
  • Daily compound interest on unpaid balances.
  • Demand to file. The CRA can formally require a return by a deadline. See CRA letters.
  • Arbitrary assessments. The CRA can estimate your income and assess tax without your expenses.
  • Lost refunds and credits. GST/HST input tax credits and some refunds have time limits.

Our late-filing process

  1. Free 15-minute call to map out which years and returns are missing.
  2. CRA authorization so we can pull your account history and notices. (You'll complete our CRA authorization form.)
  3. Catch-up bookkeeping for each missing year if the books aren't done. See catch-up bookkeeping.
  4. Prepare and review each return.
  5. E-file and send you confirmations.
  6. Follow through on notices of assessment, payment arrangements and any CRA questions.

Reducing penalties: VDP and taxpayer relief

If the CRA hasn't contacted you yet, the Voluntary Disclosures Program (VDP) may reduce penalties and some interest when you come forward voluntarily. If penalties and interest have already been charged, a taxpayer relief request can ask the CRA to cancel or waive them where circumstances qualify. Sansar Solutions prepares both, included in our all-inclusive flat rate with no separate VDP fee. Learn about VDP and penalty relief →

Need financial statements for a lender? Sansar is not a CPA firm. When a Notice to Reader (compilation) or review engagement is required, we arrange it with our partner CPAs and prepare the books they work from.

One all-inclusive flat rate

All your overdue returns, the catch-up bookkeeping behind them, CRA correspondence, and VDP or penalty-relief requests are covered by one all-inclusive flat rate, quoted for your situation before work begins and backed by our 100% Happiness Guarantee: if you're not happy, we'll keep working with you on the engagement until you're satisfied with the work we've done. Applies to the work included in your engagement.

Get your custom quote. Book a call with a Sansar rep →

Late filing FAQ

Is it too late to file my business taxes? No. The CRA accepts late returns, and filing as soon as possible stops penalties from growing and protects you from arbitrary assessments.

Do I have to file a T2 if my corporation had no income? Yes. Every resident corporation must file a T2 for each tax year, even if it was inactive or had no tax payable.

Can I file several years at once? Yes. We prepare and file each missing year in order so that balances and carry-forwards are correct.

Can I file my business and personal taxes separately? If you're a sole proprietor, business income is reported on your personal T1 using Form T2125. If you're incorporated, the corporation files its own T2 and you file a personal T1.

Will the CRA charge interest even if I don't get a penalty? Generally yes. Interest is charged on unpaid balances from the original due date.

How long will it take? Filing is guaranteed within 1 month once we've received all your documents. Multi-year catch-ups typically take 1–2 months. Client delays and bank or CRA delays can extend the timeline.

Based in Vancouver, serving businesses across Canada, mostly in Ontario, Alberta and British Columbia.

Get back in good standing with the CRA. Book a free call or call (778) 652-2874.