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Workflow Templates

Compilation & T2 Business Tax Return Template

Download your free Compilation & T2 Business Tax Return template to personalize and use in your bookkeeping or accounting firm.

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Tax & ComplianceCanadaCA Core

Created by Karbon

A preview of the templateCompilation + T2 Business Tax Return - CA CoreReady to Start3 AutomatorsUpdate role assignees (if applicable)CompletedQValidate completion of the year-end review work and access to client's financialsCompletedAValidate receipt of informationCompletedRPrep5 AutomatorsPrepare year-end fileCompletedCPrepare tax return(s)CompletedHUpdate and send client request below (if not needed, mark the task below as complete)Ready To StartDue TodayF

About this template

This template outlines the process for completing a Compilation and T2 Business Tax Return for Canadian corporations.

The workflow is divided into clear sections:

  • Initial setup and information request
  • Preparation of financial statements and tax return
  • Internal review and adjustments
  • Client review and approval
  • Filing and post-filing follow-up

Tasks are assigned to roles such as Preparer and Reviewer, with status tracking across stages. Client Requests are included to collect documents and confirm finalization.

This template is part of the Canada Core Collection. Core templates are simplified versions of existing templates. They are scaled back, medium-complexity templates, with a limited use of Client Requests, and a streamlined number of sections and tasks. They are designed to help you quickly get started with, and derive value from, Karbon templates.

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How to use this template

Add this template to Karbon

Get more out of this template by adding it to your Karbon Practice Management cloud-based software, including:

  • Time and Budget Estimates
  • Task Automation
  • Client Task Automation
  • Client Work Scheduling
Sign In to Add to Karbon

Alternatively, you can

Download Compilation & T2 Business Tax Return Template

.

Karbon Practice Management

A preview of the templateCompilation + T2 Business Tax Return - CA CoreReady to Start3 AutomatorsUpdate role assignees (if applicable)CompletedMValidate completion of the year-end review work and access to client's financialsCompletedFValidate receipt of informationCompletedQPrep5 AutomatorsPrepare year-end fileCompletedVPrepare tax return(s)CompletedQUpdate and send client request below (if not needed, mark the task below as complete)Ready To StartDue TodayU

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How to customize a template

You can edit any saved template to fit your firm's specific needs. Before making changes, duplicate a pre-populated template by selecting it, clicking the "..." menu, and choosing Duplicate.

Common customizations:

  • Reorder or nest tasks
  • Add or remove tasks
  • Edit the client task email
  • Use or modify Tasklist automators

Read the support article to learn more.

About Karbon

Karbon is an AI-powered practice management platform for accounting firms, designed to streamline operations and support scalable growth.

Trusted by nearly 3,000 firms, Karbon boosts productivity by an average of 18% by uniting teams, clients, work, billing, and reporting in one place. With 30+ integrations and an open API, it’s fully customizable.

Learn more at karbonhq.com or book a demo to see how Karbon can help your firm grow.

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