Tax

Corporate year-end (T2) workflow

Stages

1. Intake - engagement signed in Ignition; task created in Canopy; documents requested.
2. Bookkeeping close - all accounts reconciled; year-end adjustments; shareholder loan reviewed for s.15 issues.
3. Caseware file - trial balance imported; working papers; financial statements (ASPE by default).
4. T2 in Taxprep - schedules, small business deduction, capital dividend account, GRIP/LRIP as applicable.
5. Review - partner review; points cleared.
6. Delivery - completion email drafted from the standard template; client signs; return filed by the partner.

Watch for

• Fiscal year-end vs. calendar year mismatches
• Salary vs. dividend planning notes from the partner
• HST annual reconciliation