The books behind your Canadian corporate tax return.
Ledg is not T2 filing software today. It is the bookkeeping that feeds it: a GIFI code on every built-in category, GST/HST and PST totals by quarter, the right corporate deadlines, and a handoff pack your accountant can open. T2 filing from Ledg is planned; no date has been announced.
No credit card. Free with no entry limit. Built around Canadian tax rules.
Do the bookkeeping from the AI agent you already use.
On Solo, connect Claude, ChatGPT, or another supported AI agent. Show it a receipt: it saves the receipt and adds its tax breakdown and line items to the bank or statement transaction it belongs to. If that transaction has not arrived yet, the receipt waits and is matched when it does. No entry it writes reaches your statements or tax totals until you confirm it in Ledg. With your approval it can also update your business settings, and each change shows in Activity.
You: “What GST did I collect last quarter?”
What your corporate tax return needs from your books.
A handoff pack your accountant can open.
One download: general ledger, trial balance, GST/PST summary by quarter, bank reconciliation, and a GIFI roll-up by code, with a README that explains the sign conventions and prints the dates the pack covers. Send it to your accountant, who files in their own software. In Ledg, every built-in category carries its CRA GIFI code, shown beside each entry and available to a connected AI agent.
GST/HST and PST totals by quarter
GST/HST and PST are recorded separately on every entry, by province. Ledg totals the GST/HST you collected, your input tax credits and the net amount for the period, plus PST, RST or QST by quarter. You enter them in CRA My Business Account or your provincial portal and submit there.
Canadian deadlines for a corporation or a sole proprietor
Choose your entity type when you set up your business. Corporations see the T2 return and balance due, T4 and T5 when your profile says you pay salary or dividends, the BC Annual Report for BC companies, and a minute book. Sole proprietors see T1 and T2125 deadlines and Owner Draw labels. GST/HST and PST return dates follow your filing frequency. When you incorporate, you start a new set of books for the corporation and keep the old ones for your T1.
Owner money kept off the income statement
Ledg records money you put in as Owner Deposit and money you take out as Owner Withdrawal, and keeps both off the income statement. Your accountant splits those between shareholder loan, dividends and salary at year-end. The Handbook entry on subsection 15(2) is linked from the Owner Deposit category.
Corporate tax and bookkeeping questions, answered.
Not today. Tax return submission is not available in Ledg. Ledg keeps the books ready and the handoff pack gives your accountant the general ledger, trial balance, GST/PST summary, bank reconciliation and a GIFI roll-up; they file in their own software. Filing from Ledg is planned, with your approval before submission. No date or price has been announced.
The General Index of Financial Information (GIFI) is the CRA's standard list of account codes for the financial statements filed with a T2. The balance sheet on Schedule 100 and the income statement on Schedule 125 are reported by GIFI code. Each built-in category carries its CRA GIFI code, shown on the entry and readable by your connected AI agent. For a corporation the handoff pack also includes a GIFI roll-up: your confirmed entries totalled by code, with the categories that fed each line and a column marking the codes to confirm before filing.
Money you take out of or put into the corporation is recorded as an Owner Withdrawal or Owner Deposit and kept out of revenue and expenses on every statement. Ledg does not track a shareholder loan balance or the section 15(2) repayment deadline. The Handbook entry on shareholder loans explains the rule so you can check your position with your accountant before year-end.
Ledg shows the T4 and T5 deadlines (the last day of February) when your profile says you pay salary or dividends. Salary is recorded under Salaries & Wages. Money you take out is recorded as Owner Withdrawal, which your accountant splits into dividends and loan repayments at year-end. Ledg does not prepare or file the slips today.
TaxCycle and ProFile are professional tax preparation software that accountants use to prepare and file a T2. Ledg sits earlier in the year: it keeps your day-to-day books current and produces the handoff pack your accountant works from. You would use both, Ledg through the year for bookkeeping and your accountant's tax software at year-end. Ledg does not file returns today. Filing is planned, with your approval before anything is submitted. No date or price has been announced.
Yes, but each corporation is its own set of books in Ledg. If you run an operating company and a holding company, you would have two company records under one login and switch between them from the menu. Each company has its own plan. Dividends and loans between the two are recorded in each company's books but not eliminated; your accountant handles consolidation at year-end. Ledg is built for solo businesses and small corporations, not consolidated groups.
It is part of the Solo plan. Add Ledg as a connector in Claude or ChatGPT and approve the permissions by name. Your connected AI agent can read sales, expenses, sales tax collected, balances, deadlines, accounts and categories, search your transactions, find entries still waiting in Stage and purchases missing PST, and open attached receipts and the minute book. It can also record a purchase from a receipt, or add a receipt's detail to a transaction already in your books. Every entry it writes lands in Stage and counts toward nothing until you confirm it. With your approval it can also update your business settings, and each change shows in Activity.
Read next: the corporate tax handbook and guides
123 Canadian tax and bookkeeping entries, each citing the Act, regulation, CRA guidance or accounting standard it rests on. They are free to read without signing up, and so are the guides below.
- Handbook: corporate tax, GST/HST, payroll, and more
- Article: tax deadlines for Canadian corporations
- Handbook: GST/HST for Canadian corporations
- Article: Canadian corporation tax rates by province 2026
- Article: shareholder loans and CRA rules
- Handbook: salary or dividends, how to pay yourself
- Article: what your accountant needs from you, and when
- What is in the accountant handoff pack