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Circa89 · 02-12-2011, 01:07 PM

Just curious if anyone out there is familiar with Corporate Tax returns.

I have my own business (Alberta Registered Corporation) where I have always had an accountant do my year end. This year I essentially transformed the business from full time to part time and I am curious if :

a) I am allowed to do my own corporate return or there is some law stating that I have to have a third party be appointed accountant?

b) Is it that difficult? I can not justify giving an accountant $1400 to do a return for me when I only had $20000 in sales. Even if it takes 10 hours I can not see paying an accountant $140 an hour when I owe no taxes.

I have a blank T2 ready to go and there are only 10 pages so it can't be that difficult can it?

Any input would be great.

02-12-2011, 01:07 PM	#1
Circa89 Scoring Winger Join Date: Nov 2005 Exp:	Corporate Year Ends Just curious if anyone out there is familiar with Corporate Tax returns. I have my own business (Alberta Registered Corporation) where I have always had an accountant do my year end. This year I essentially transformed the business from full time to part time and I am curious if : a) I am allowed to do my own corporate return or there is some law stating that I have to have a third party be appointed accountant? b) Is it that difficult? I can not justify giving an accountant $1400 to do a return for me when I only had $20000 in sales. Even if it takes 10 hours I can not see paying an accountant $140 an hour when I owe no taxes. I have a blank T2 ready to go and there are only 10 pages so it can't be that difficult can it? Any input would be great.