Do I Need to File a Nil T2 if My Corporation Has No Bank Account?
$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.
Yes. The T2 obligation follows the corporation’s existence, not its banking, so a return is due within six months of each fiscal year-end regardless. A corporation with no bank account is usually a true nil filer, unless income was received or paid some other way.
Do I Need to File a Nil T2 if My Corporation Has No Bank Account?
| Point | Figure |
|---|---|
| Months after the fiscal year-end to file | 6 |
| Bank account required in order to file | None |
| Tax owing on a true nil return | $0.00 |
| Fee per tax year | $300.00 plus HST |
A corporation with no bank account still has a business number and a fiscal year-end, and those are what the return is filed against. Income received on the corporation’s behalf some other way still belongs on the return.
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.
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Last reviewed: October 16, 2026