Corporate tax accountant for Regina corporations
Saskatchewan collects its corporate income tax through the federal T2, charges one of the lowest small business rates in the country, and sets its own threshold for it. EverStone prepares Regina corporate returns remotely. See the Saskatchewan tax reference or the Regina practice.
Quick answer: A Regina corporation files one T2 with the CRA, and the Saskatchewan tax is calculated inside it. The provincial rate is 1% on income eligible for the small business rate and 12% on general income, for combined rates of 10% and 27%. Separately, it files an annual return with the Corporate Registry run by Information Services Corporation. EverStone prepares the T2 and year-end statements remotely, at a fee quoted after a free consultation. For a one-owner trades corporation, bookkeeping, payroll and the year-end T2 together usually run $450–$650 a month.
One return, a Saskatchewan layer inside it
There is no separate Saskatchewan corporate income tax return. The provincial tax is worked out on schedules within the T2, assessed by the CRA and paid to the CRA along with the federal tax. For a Regina owner that means one filing deadline and one notice of assessment, and one set of numbers to get right.
The rates are low at the small business end. Saskatchewan made its 1% small business rate permanent in December 2024, so active business income that qualifies is taxed at 10% combined. Income above the limit, and income that does not qualify, is taxed at 27% combined. That gap is what makes the remuneration and retained-earnings decisions worth planning rather than defaulting.
A threshold that does not match the federal one
Saskatchewan applies its reduced rate to the first $600,000 of eligible business income. The federal small business limit is $500,000. The band between the two does not behave the same way at both levels, so it is not simply an extra slice of income at the low combined rate. A Regina corporation earning into that band needs the numbers modelled, not assumed.
Associated corporations share one limit, and passive investment income inside a corporation can erode the federal small business deduction. Both are federal rules, but both affect what the Saskatchewan layer applies to. Associated corporations explains how a second company can halve a limit you thought you had.
The registry annual return lives somewhere else
Saskatchewan’s Corporate Registry is administered by Information Services Corporation, not a ministry. Incorporations, amendments, registered office changes and the annual return are all filed online there. The due date is set for each corporation by the registry, so it does not appear in CRA correspondence and is easy to lose track of.
It is a corporate-law filing rather than a tax one, but missing it eventually costs the corporation its good standing. That surfaces at a bad moment: when a bank, a buyer or a Crown corporation’s vendor check asks for a certificate. We keep it on the same calendar as the T2.
When the balance is due, and when instalments start
The T2 is due six months after year-end, but the balance is due two months after year-end, or three for a Canadian-controlled private corporation claiming the small business deduction that meets the conditions. Paying on the filing date means paying late, with interest. See the T2 deadline calculator for your own dates.
Once a corporation owes tax in consecutive years, instalments follow. For Regina businesses with uneven years, energy services after a busy season or farms after a strong harvest, the choice of instalment method is worth making deliberately. The instalment calculator shows the options.
Money taken out of a Regina corporation
Most owner-managed corporations in Regina pay their owners some mix of salary and dividends, and some owners simply draw cash through the year. A drawing that is not a salary or a declared dividend sits in the shareholder loan account. If it is not repaid within one year after the corporation’s year-end, it is generally taxed as the owner’s income anyway, without the deduction a salary would have given the company.
We reconcile the shareholder account every year and settle the remuneration mix before year-end, while it can still be changed. The salary vs dividends calculator shows the trade-off in rough terms.
How the T2 differs across Regina’s industries
A farm corporation’s return carries inventory adjustments and, often, shares that may one day qualify as qualified farm property. An energy services company’s return is dominated by heavy equipment and capital cost allowance. A contractor’s turns on holdbacks and work in progress at the cut-off, a trucking company’s on tractors, trailers and disposals, and a consultant’s on whether the corporation is a personal services business. The pages for Regina farms, energy services, contractors, trucking and consultants go further.
Owners in White City, Emerald Park and Moose Jaw file exactly the same return. What changes from one Regina-area corporation to the next is not the form but the few schedules that carry the weight, and those are where the review time goes.
Prepared and reviewed by a Chartered Professional Accountant at EverStone CPA, an Abbotsford CPA firm working with small businesses and incorporated contractors across the Fraser Valley and Canada. Updated September 2026. About the firm · Book a free consult
Key T2 dates for a Regina corporation
| Obligation | When it is due |
|---|---|
| Balance owing | 2 months after fiscal year-end, or 3 for a CCPC claiming the small business deduction that meets the conditions |
| T2 return filing | 6 months after fiscal year-end |
| Registry annual return | On the date the Corporate Registry sets for your corporation |
| Instalments | Monthly or quarterly, where your corporation is required to pay them |
| Sales tax where you operate | 5% GST plus 6% Saskatchewan PST — two registrations, two returns |
Source: All CRA deadlines. General information, not advice.
Regina corporate tax questions
What is the corporate tax rate for a Regina company?+
Does Saskatchewan have a separate corporate tax return?+
Is the 1% small business rate going to end?+
Does my corporation charge PST as well as GST?+
Can you file a late T2 for a Regina corporation?+
Do you have a Regina office?+
Do you work with businesses outside Regina itself?+
Related services and local guides
Nearby cities, the rest of what we do for Regina businesses, and the reference pages behind this one.
Who this is for, and who it is not
This fits an incorporated business in Regina that wants one CPA on the file, a fee agreed in writing before any work starts, and a year end that arrives on a schedule rather than as a surprise. It is not the right fit if the lowest possible price matters more than anything else, or if you need someone sitting in your office each week. The engagement runs by video call, secure upload and e-signature, and the fee is the same wherever you are.
What happens when you get in touch
A Regina corporation is onboarded the same way as one next door, and on the same fixed fee.
- A free thirty-minute conversation. What the business does, what has been filed, and what is overdue. You leave with a fixed fee in writing and no obligation to take it.
- Authorization, in the first week. We are authorized with the CRA, so balances and notices are looked up rather than requested from you. If you are switching firms, your file is requested the same week.
- Current, then ahead. Books brought to a closing position, anything overdue scheduled oldest year first, and the next twelve months of deadlines set before they arrive.
Book the free consultation, or ask one question first — both reach a CPA, not a queue.
Incorporated in Regina?
Get the T2, the Saskatchewan layer and the registry deadline handled by one CPA, at a fixed fee agreed up front.
