What Happens if I Don’t File T2 Returns After My Corporation Is Dissolved?
$300.00 Plus HST Per Tax Year
We are a registered EFILE electronic filer. Your return is transmitted to the Canada Revenue Agency electronically.
Written and reviewed by Sharad Gondaliya, CPA (Ontario), CPA Ontario Membership 61040184.
The final return is still required and the years before dissolution stay outstanding. A final T2 is due within six months of the dissolution date, covering the period up to that date. Dissolving the corporation does not close the earlier tax years or cancel the returns already missed.
What Happens if I Don’t File T2 Returns After My Corporation Is Dissolved?
| Requirement | Figure |
|---|---|
| Months after dissolution the final T2 is due | 6 |
| Earlier unfiled years cancelled by dissolution | None |
| Period the final return covers | Up to the dissolution date |
| Fee per tax year | $300.00 plus HST |
A true nil return carries no percentage late-filing penalty, because that penalty is a percentage of tax owing and the corporation owes $0.00. The unfiled year still stays open forever, invites a demand to file and an arbitrary assessment, blocks a clearance certificate and dissolution, and costs a non-resident-owned corporation $25.00 per day up to $2,500.00.
A dissolved corporation can still be reassessed for a year that was never filed. Filing the final return and any missed years is what closes the corporate tax account.
Filing a Nil Return
This service is for a corporation with no activity in the tax year. A corporation with investment income, rental income, or dividends paid or received is not nil.
We are a registered EFILE electronic filer. Your return is transmitted to the Canada Revenue Agency electronically, and your CRA confirmation is emailed within 3 business days. You sign Form T183CORP before we transmit. The fee is $300.00 plus HST per tax year. See the full nil T2 filing cost, every T2 filing deadline, and catch-up nil T2 filing for outstanding years.
For the whole subject in one place, see the complete guide to the nil T2 return.
Related Questions
- What happens for a numbered company
- Do I need to file with no activity
- Do I need to file with no bank account
- Do I need financial statements
- What happens if dissolving without filing
Last reviewed: October 16, 2026