You likely know this but filing an Amended T2 return is different than filing an amended T1. I recently Efiled an “Amended T2 Return” for a new client because CRA had raised an arbitrary T2 assessment under subsection 152(7) for failure to file returns. When I tried to Efile the 2014 T2 as an original filing it was rejected because a 152(7) assessment constituted an original filing, even though it was the CRA themselves who filed the return.
In any event, filing the Amended T2 was fairly seemless. I went to the “Corporate Information Screen” on the T2 Return and answered “YES” to the question “Is CORPORATION XXX filing an amended tax return?” under the Filing Section. I then went to the “Adjustment Notes Screen” and entered my explanation for requesting changes to the T2 return. I then went to the Efile Transmit section of TaxCycle and Efiled the Amended T2 the same way I would if it was an original filing.
The Notice of Reassessment was generated in about 10 days reflecting the changes that I had made.
For my amended T2, I really only did 2 things;
- Answer 'YES" to the Amended Return question in the Filing section of the Info Screen
- Provide an explanation for requesting the adjustment in the Adjustment Notes section (T2-ADJ form)
As you may not need to, I did not need to go through the process of taking a snapshot because I did not file the original T2 return. There is some more information about the process here;