Tax season can be stressful, but it doesn’t have to be. With True North Accounting as your small business accountant, we provide support with everything from investment income and capital gains to write-offs, expenses, deductions and income splitting. You'll have peace of mind knowing everything is taken care of. In this blog, we provide information on who should file, when to file your Alberta taxes and the different options for filing. And if you have further questions, don’t hesitate to contact us.
Note: For the latest in how to file provincial taxes in Alberta, consult the Government of Alberta website.
Corporate tax filing
Every corporation in Alberta needs to file a T2 return each year, which is the federal corporate income tax return. And every corporation with residence in Alberta needs to also file an AT1 Alberta corporate income tax return. If your corporation did not owe taxes, you only need to file the federal tax return.
Only Alberta and Quebec collect taxes themselves. All other provinces have the federal government collect their taxes for them.
When and how to file your corporate taxes
Your return is due within six months from the end of your corporation’s tax year-end. It can be filed by net file or by paper (but net file is preferred).
Filing business taxes by net file
Taxpayers and service providers can use certified software to submit an Alberta corporate tax return by net file. This includes reassessments and amended returns.
To be eligible to file taxes by net file, your corporation must have a valid Alberta corporate account number (CAN). This CAN is also known as the Corporate Access Number, and can be found on the Alberta Certificate of Incorporation.
The return must be generated and submitted using TRA-certified tax return preparation software. See the Government of Alberta for a list of certified tax software.
Your corporation is required to net file for Alberta returns on tax years after December 31, 2017 if your gross revenue exceeds $1 million. There are some exceptions, such as if your corporation is an insurance corporation or a non-resident corporation.
Filing business taxes by paper
For a list of Alberta Corporate Income Tax Return and Schedules, see the Government of Alberta.
Complete your forms and email or fax them to:
Connect with Tax and Revenue Administration
Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Toll free: 310-0000 before the phone number (in Alberta)
Filing personal taxes
You can view your Alberta tax forms on the CRA website.
The deadline for most Canadians to file their personal income tax and benefit return for their 2021 taxes is May 2, 2022. If you or your spouse or common-law partner are self-employed, the deadline is June 15, 2022.
You can file your taxes online or by paper, or have someone else complete them for you. See the CRA website for ways to file your personal income taxes.
Wondering how to pay your provincial taxes? We have a blog for that! We have more advice and how-tos for Corporate and Personal taxes. Whether you’re just starting out or a “chief something officer,” we can handle your taxes and set you up for success.