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Personally, I don’t electronically file T2 Corporation Tax Returns and probably never will. It’s not a big deal to paper file. A separate bar Federal Bar Code coversheet attached to the RSI Printing summary of the entire T2 is not a waste of paper consumption in my mind, and usually (for my clients) assessments usually happen between 2 and 4 weeks for corporate returns. I’m “old school”! I have my clients sign the filing copy of T2 and deliver it with a cover page right to Canada Revenue Agency’s door myself. CRA stopped sending back acknowledgement notices or mailing receipts, but I be sure to smile for the cameras and point the envelope cover to the camera.

Of course if your company is required to make large instalments and by the time you file your T2 Tax Return you have a loss in the company and want your refund as quick as possible, then Efiling might be the way to go. Assessments (for clients of other professionals that I know) usually happen within 10-15 days. I am not suggesting that one way is better or worse than the other. As you know .. most refunds people and corporations are getting - are their own money. Some want it back as soon as possible, and others don’t mind carrying it forward towards the next fiscal year.

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