A nil return is a T2 showing $0 income and no tax owing. It tells the CRA your corporation existed but had no activity. If your business was inactive with no revenue, no dividends, and minimal expenses, our Nil Return product ($175) makes staying compliant simple and affordable. Plus, you get the same level of unlimited tax-specific help included at no extra cost.
You can only access these limited forms and schedules:
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Supported schedules: S100, S125, S141, S4, S24, S50. All other schedules are not included.
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Supported expense types on Income Statement (S125): Professional fees (8860), bank charges (8715), and office expenses (8810). All other expense types are not included.
If you need to report income, other expenses, or use schedules that aren't listed above, you are not considered to have a nil return, and will pay the regular price of $400.
For even more support, you can add Expert 365 Business for an additional fee. This is especially helpful for inactive corporations that need expert guidance on final payroll obligations, wrapping up GST/HST accounts, or understanding long-term filing requirements before fully closing the business.