What Happens if I Don’t File a T2 Before Dissolving My Corporation?
$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.
Dissolution can be held up and the outstanding years remain the corporation’s responsibility. A final T2 is due within six months of dissolution, and every earlier year must already be filed. An unfiled year blocks a clearance certificate, which is what confirms nothing is owed before the corporation closes.
What Happens if I Don’t File a T2 Before Dissolving My Corporation?
| Requirement | Figure |
|---|---|
| Months after each fiscal year-end to file | 6 |
| Months after dissolution the final T2 is due | 6 |
| Earlier years that must already be filed | All of them |
| 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 clearance certificate confirms the corporation has no outstanding amounts before it is wound up. An unfiled year is an open year, so the certificate cannot be issued until the return is filed.
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
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Last reviewed: October 16, 2026