--- title: "Corporate Tax Accountant Richmond Hill | T2 Returns Online" url: https://www.everstonecpa.com/corporate-tax-accountant-richmond-hill description: "Corporate tax accountant for Richmond Hill companies: T2 with Ontario rates, instalments, HST and registry annual return, done online. Get a fixed quote." updated: 2026-10-16 publisher: EverStone CPA Inc. (Chartered Professional Accountant firm, Abbotsford, BC) service_area: British Columbia, Alberta, Ontario and Manitoba --- [Home](https://www.everstonecpa.com/) Corporate tax accountant in Richmond Hill Corporate tax · Richmond Hill # Corporate tax accountant for *Richmond Hill* corporations A Richmond Hill company reports federal and Ontario corporate tax on one T2, pays it on a schedule that starts before the return is filed, and then owes a separate annual return to the Ontario Business Registry. EverStone prepares all three remotely. See the [Ontario tax reference](https://www.everstonecpa.com/ontario-tax-facts) or the [Richmond Hill practice page](https://www.everstonecpa.com/accountant-richmond-hill). [Get My Fixed Quote](https://www.everstonecpa.com/book-online)[Ask a Free Question](https://www.everstonecpa.com/quick-question) **Quick answer:** A Richmond Hill corporation reports Ontario tax inside the same T2 it files federally, at combined rates of 11.2% on small-business income and 26.5% on general income (the small-business rate fell from 12.2% on 1 July 2026). It then files a separate annual return with the Ontario Business Registry. EverStone prepares the corporate return remotely at a fixed fee. Bundled with monthly bookkeeping and payroll, the year-end T2 for a one-owner Richmond Hill company generally comes to $450–$650 a month. The year-end covers the T2 with Schedule 1 and Schedule 50, the CCA schedule, the small business deduction, T4 or T5 slips for the owner’s pay, and the instalments for the year ahead. ## One return, two layers of tax Ontario has the CRA collect its corporate income tax, so a Richmond Hill corporation files a single T2 that carries both the federal and provincial charge. Active business income eligible for the [small business deduction](https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012.html) is taxed at a combined 11.2% on a $500,000 business limit: 9% federal plus Ontario’s 2.2% lower rate for days after 30 June 2026. Before that date the Ontario rate was 3.2%, and a taxation year that straddles 1 July 2026 is prorated by days, so a calendar-2026 year-end blends to roughly 11.70% combined. Income above the business limit, and income that is not active business income, is taxed at 26.5%: 15% federal plus Ontario’s 11.5% general rate. After the July 2026 cut the gap between the two bands is 15.3 points, wider than it was. For a profitable Richmond Hill consultancy or technology company, that spread is the number to plan against: it is what is at stake when passive investment income inside the company starts eroding the business limit, or when an associated group has to share one $500,000 limit between several corporations. ## What a Richmond Hill T2 usually involves The City’s economic development office lists professional, scientific and technical services, health, finance and insurance, and information and culture as Richmond Hill’s key sectors, with a notable high-tech and life-sciences presence. The corporations we see reflect that. An engineering or IT consultancy with one owner and a spouse holding shares. A small software or electronics company with development staff and an SR&ED claim. A health-care practice or medtech business with specialised equipment. An insurance or financial-services professional who has incorporated. Each brings the same core schedules and a different set of judgement calls. For a technical firm the T2 often turns on three items. The **CCA schedule**, because computer hardware, test equipment and lab or clinic equipment are depreciated by class rather than expensed, and the class chosen changes the deduction. **Form T661**, where the company does qualifying development work, because the SR&ED credit is claimed with the return and a Canadian-controlled private corporation can receive the enhanced credit as a refund. And the **small business deduction** itself, which can shrink when passive income or associated companies come into the picture. ## Instalments once the corporation is profitable A Richmond Hill corporation past its first profitable year generally moves onto [instalments](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-payments/paying-instalments.html), paying its combined federal and Ontario tax through the year rather than at filing. The schedule is built from prior-year figures, which means a company coming off a strong contract year keeps paying at that level into a quieter one unless the estimate is revised. The opposite is more common and more expensive: a fast-growing company pays instalments sized to a much smaller prior year, then meets a large balance and interest at filing. The balance owing is generally due three months after year-end for a CCPC claiming the small business deduction, while the return itself is due at six months. So the cash question arrives before the paperwork. We estimate the balance before year-end, so the money is set aside in time. [T2 deadlines and penalties](https://www.everstonecpa.com/blog/t2-deadline-penalties-canada) sets out the dates, and [corporate tax instalments](https://www.everstonecpa.com/blog/corporate-tax-installments-canada) covers how the schedule is calculated. ## HST sits outside the T2 but feeds into it Ontario harmonized its provincial sales tax with the GST, so a single 13% HST covers both and is administered federally. For the corporate file the important point is that the provincial component is recoverable as an [input tax credit](https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4022.html) exactly like the federal one, so no provincial sales tax ends up inside the cost of equipment or supplies. That only holds if the books record it correctly; HST coded into the asset cost inflates the CCA base and understates the credit. The HST side is covered on [GST/HST filing in Richmond Hill](https://www.everstonecpa.com/gst-hst-filing-richmond-hill). ## Employer health tax: the rate is chosen before the exemption Ontario levies an employer health tax on remuneration once total Ontario payroll passes the $1,000,000 exemption. The rate is selected from the payroll bands using total remuneration *before* the exemption is deducted, and only then is the exemption subtracted. No exemption is available where the employer or its associated group has more than $5,000,000 of annual Ontario payroll, and associated employers must file an allocation agreement to share the single exemption. For most small Richmond Hill corporations it never applies; for a growing group it is a cost to model before hiring. [Payroll in Richmond Hill](https://www.everstonecpa.com/payroll-services-richmond-hill) covers the mechanics. ## The registry annual return is a separate filing An Ontario corporation’s annual return is filed through the Ontario Business Registry within six months of fiscal year-end. It is not part of the T2, the CRA does not file it, and missing it does not produce a tax assessment — which is exactly why it gets forgotten. It keeps the company in good standing and its registered information current. The consequence of neglect stays administrative until a lender, buyer or lawyer asks for a certificate of status. We diarise it against the year-end, alongside the T2 and the balance due. ## Dividends to family shareholders Many Richmond Hill professional and technical corporations have a spouse or adult children on the share register. Paying dividends to them is no longer the simple income-splitting tool it once was. Under the tax on split income rules, unless the recipient meets an exception — excluded shares, a sufficient labour contribution, or an age-based rule — the dividend can be taxed at the top marginal rate regardless of their other income. The answer depends on facts such as hours worked, ownership percentages and the nature of the business, so the review belongs before the dividend is declared. [Tax on split income](https://www.everstonecpa.com/blog/tosi-tax-on-split-income-canada) sets out the exceptions, and the owner’s own T1 is covered on [personal tax in Richmond Hill](https://www.everstonecpa.com/personal-tax-accountant-richmond-hill). ## Working with a CPA who has no Richmond Hill office EverStone is a fully virtual firm. There is no Richmond Hill office, no York Region branch and no local staff. Ontario corporate tax is reported inside the federal return under rules that are the same wherever the preparer sits, and the return is transmitted electronically. The engagement runs entirely online: secure document exchange, video calls booked around your schedule, and e-signature. What you give up is a reception desk to drop paperwork at. What you get is the same CPA on the file from the first question to the filed return, and a fee fixed in writing first. With a rate change mid-year, the year-end target matters more, and [a budget built from the operations](https://www.everstonecpa.com/budgeting-and-forecasting) fixes it before the year closes. About this article **EverStone CPA** Written and reviewed by a Chartered Professional Accountant at EverStone CPA, a CPA firm working with small and midsized businesses in BC, Alberta, Ontario and Manitoba, preparing T2 returns and Ontario registry filings for Richmond Hill corporations remotely. Updated October 2026 . [About the firm](https://www.everstonecpa.com/about) · [Send an enquiry](https://www.everstonecpa.com/book-online) ## Key T2 dates for a Richmond Hill corporation Key T2 dates for a Richmond Hill corporation Your fiscal year-end sets these dates, not the calendar year — for a business operating in Richmond Hill, Ontario | Obligation | When it is due | | Balance owing | 3 months after fiscal year-end, for a CCPC claiming the small-business deduction | | [T2 return](https://www.everstonecpa.com/glossary) filing | 6 months after fiscal year-end | | Ontario Business Registry annual return | Within 6 months of fiscal year-end | | Instalments | Monthly or quarterly, where your corporation is required to pay them | | Sales tax where you operate | 13% HST, a single registration and a single return | Source: [All CRA deadlines](https://www.everstonecpa.com/cra-tax-deadlines). General information, not advice. In Richmond Hill, EverStone also works with [tech startups](https://www.everstonecpa.com/tech-startup-accountant-richmond-hill) and [trades and contractors](https://www.everstonecpa.com/trades-accountant-richmond-hill). Common questions ## Richmond Hill corporate tax questions **What is the corporate tax rate for a Richmond Hill company?** Combined rates are 11.2% on active business income eligible for the small business deduction (9% federal plus 2.2% Ontario) for days after 30 June 2026 (12.2% before that date; a straddling year is prorated by days) and 26.5% on general income (15% federal plus 11.5% Ontario), on a $500,000 business limit. [Ask about your case →](https://www.everstonecpa.com/quick-question) **Does Ontario have a separate corporate tax return?** No. The CRA collects Ontario corporate income tax through the same T2, so there is one corporate income tax return. The separate Ontario filing is the annual return to the Ontario Business Registry, a corporate-law obligation rather than a tax return. **Can my company claim SR&ED on the T2?** Yes, if it does qualifying experimental development. The claim is made on Form T661 with the corporate return, and a Canadian-controlled private corporation can earn an enhanced refundable credit. The claim depends on time and cost records kept during the year. See [Richmond Hill tech startups](https://www.everstonecpa.com/tech-startup-accountant-richmond-hill). **When does my corporation have to start paying instalments?** Generally once the corporation’s tax for the current or previous year passes the CRA threshold, which usually means the year after the first meaningfully profitable one. Instalments are based on prior-year figures unless the estimate is revised, so a big jump in profit leaves a balance at filing. **Do you have a Richmond Hill office?** No. EverStone serves Richmond Hill corporations entirely remotely. Documents are exchanged securely online, returns are e-signed, and no office visit is required at any stage. **What does a corporate tax return cost in Richmond Hill?** Richmond Hill businesses pay the same published fees as everyone else. Standalone T2 work is priced after we review your enquiry, once the books are seen. For a one-owner company, bookkeeping, payroll and a year-end return with statements usually run $450 to $650 a month combined. [Published fees](https://www.everstonecpa.com/pricing). **Do you work with businesses outside Richmond Hill itself?** Yes. Oak Ridges, Aurora, Markham, Vaughan and the rest of York Region are handled exactly like Richmond Hill, by video, phone, email and a secure upload link, on the same fixed fees. Toronto companies are covered on the [Toronto accountant page](https://www.everstonecpa.com/accountant-toronto). ## Related services and local guides More Richmond Hill services, nearby cities, and the Ontario reference pages. [Bookkeeping for Richmond Hill businesses Monthly bookkeeping with HST coding, equipment recorded properly and a clean file handed to the year-end.](https://www.everstonecpa.com/bookkeeping-richmond-hill) [New Corporation Setup Checklist A free checklist for a new Canadian corporation’s first ninety days, in dependency order: registration, CRA accounts, banking, books and deadlines.](https://www.everstonecpa.com/new-corporation-setup-checklist) [Associated corporations and the small business deduction When related companies have to share one business limit.](https://www.everstonecpa.com/blog/associated-corporations-small-business-deduction) [Fractional CFO support for Richmond Hill companies Cash forecasts, margins and lender reporting for growing Richmond Hill firms.](https://www.everstonecpa.com/cfo-services-richmond-hill) [Financial statements in Richmond Hill Year-end statements for Richmond Hill businesses](https://www.everstonecpa.com/financial-statements-richmond-hill) [GST/HST filing in Richmond Hill HST for Richmond Hill businesses](https://www.everstonecpa.com/gst-hst-filing-richmond-hill) [Payroll in Richmond Hill Payroll for Richmond Hill businesses](https://www.everstonecpa.com/payroll-services-richmond-hill) [Accountant in Toronto The same engagement, serving Toronto](https://www.everstonecpa.com/accountant-toronto) [Corporate tax hub Every T2 guide in one place](https://www.everstonecpa.com/corporate-tax-hub) [T2 deadline calculator Find your filing and payment dates](https://www.everstonecpa.com/t2-deadline-calculator) [Accountants across Ontario Remote CPA service throughout Ontario](https://www.everstonecpa.com/accountant-ontario) [Ontario tax facts Current rates and thresholds for Ontario](https://www.everstonecpa.com/ontario-tax-facts) [Accounting for Richmond Hill trades and contractors HST on construction, WSIB for owners, holdbacks and T5018 slips.](https://www.everstonecpa.com/trades-accountant-richmond-hill) [Personal tax accountant in Richmond Hill T1 returns planned with the company: the Ontario surtax, health premium and dividends.](https://www.everstonecpa.com/personal-tax-accountant-richmond-hill) ## Who this is for, and who it is not For a Richmond Hill corporation that wants the T2, the Ontario layers, any SR&ED claim and the registry return handled by one CPA at a fee fixed first. Not for price-only shoppers, or anyone who wants a local desk to visit. The work is remote, on [published fees](https://www.everstonecpa.com/pricing). ## What happens when you get in touch A Richmond Hill company starts in three steps. - **Email enquiry.** Tell us about the company, past filings and anything late, then get a written fixed fee with no obligation. - **CRA access.** [Authorization](https://www.everstonecpa.com/forms/aut-01) lets us read balances and notices directly; [a previous firm’s file](https://www.everstonecpa.com/switching-accountants) is requested that week. - **Caught up.** Books closed, late years filed oldest first, and [T2 and instalment dates](https://www.everstonecpa.com/t2-deadline) set for the year. [Send an enquiry](https://www.everstonecpa.com/book-online) or [ask a question](https://www.everstonecpa.com/quick-question). ## Incorporated in Richmond Hill? Get the T2, the Ontario layers and the registry deadline handled by one CPA, at a fixed fee agreed up front. [Get My Fixed Quote](https://www.everstonecpa.com/book-online)[Ask a Free Question](https://www.everstonecpa.com/quick-question) ★★★★★ “…We switched to him last year for both our personal and small-business taxes — responsive, knowledgeable and quick.” Heather Powers · Google review --- Source: https://www.everstonecpa.com/corporate-tax-accountant-richmond-hill Contact: info@everstonecpa.com · https://www.everstonecpa.com/book-online