Note from CRA: Effective November 24, 2025, getting Web Access Code(WAC) will not work in version 2025.1 or lower (Error 349 will prompt up).
Please download the version 2025.2 or higher to Get your WAC (no license key is required; Input data for WAC only; Copy retrieved WAC from 2025.2 into your version to continue.)
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Previous step: Step 2: Install Your T2 Version
Throughout this guide, version 2025.2 is used to prepare and submit a sample return with a tax year from 2025/01/01 to 2025/12/31.
Launch FutureTax T2. The Start Screen opens in front of the main window.
To begin, click on Create a New Return.
In the window that appears, enter your tax year start, tax year end, provincial/territorial jurisdiction (province or territory where the corporation earned its income, typically the location of the corporation’s permanent establishment), and main revenue-generating business activity (NAICS Code). Then, click OK.
The software will open directly to its main view. You will automatically be placed on Page 1 of the nine page T2 form, also known as the T2 jacket.
Page 1 of the T2 jacket contains the identification section of the return. Here you will enter the information about your company. Line 060 and 061 will already contain your tax year start and end dates, respectively.
Note: On line 001, RC stands for your corporation income tax program account. See more details about CRA program accounts here.
Once you have finished the identification section of your return, you are ready to move on to the next step.
Next step: Step 4: Add Forms