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T2 for Restaurants & Food Service Corporations

Learn how to prepare a T2 corporate tax return for restaurant and food service corporations—from industry-specific revenue and inventory to expenses, GST/HST, payroll, financial statements, and final T2 schedules.

✅ 12+ Hours | ✅ 230+ Lessons | ✅ 8 Modules

 

Enroll Now – $299
12+ HrsBegineer to Intermediate | Self-Paced | Case-Based

What You’ll Achieve

By the end of this course, you will be able to:

 

🍽️ Understand the Restaurant Industry
💰 Reconcile Revenue & Sales
📦 Calculate Inventory & COGS
🧾 Review Expenses & Tax Adjustments
🏛️ Understand GST/HST & Payroll
📊 Prepare Financial Statements
📑 Complete Key T2 Schedules
🏢 Follow a Complete Restaurant Case Study
🏆 Apply Your Skills Independently

Who This Course Is For

This course is ideal for:

  • 🏢 Tax preparers – Learn how to prepare T2 returns for restaurant and food service corporations.
  • 📚 Accounting Students – Build practical experience beyond accounting theory and classroom examples.
  • 📊 Bookkeepers – Understand how year-end bookkeeping information is reviewed and converted into a corporate tax file.

 

  • 🎓 CPA Candidates– Strengthen your understanding of practical corporate tax preparation and T2 workflow.
  • 💼 Accountants – Develop industry-specific knowledge for clients in the restaurant and food service sector.
  • 🚀 Career Changers – Build practical, job-relevant skills for working in Canadian corporate tax.

What’s Included

12+

Comprehensive on-demand video training.

230+

Structured, step-by-step learning modules.

Real World

Prepare a complete T2 return for Restaurant & Food Service corporation.

LIVE Exercises

& Capstone Simulations

Lifetime Access

Learn at your own pace with unlimited access.

8

Structured Learning Modules

Curriculum

🎯 Module 0 – Course Orientation & Industry Foundation
  • 🍽️ Understand the restaurant and food service industry
  • 🏢 Explore the corporate structures and business models covered in the course
  • 💰 See how revenue, inventory, expenses and compliance connect to T2 preparation
  • 🗺️ Follow the complete roadmap from restaurant operations to the final T2 return
🍽️ Module 1 – Understanding Restaurant & Food Service Corporations
  • 🏢 Understand restaurant corporation structures and operations
  • 📁 Review a realistic client profile, source documents and year-end records
  • 📊 Analyze financial statements and accounting information
  • 🔍 Identify industry-specific accounting risks and engagement issues
  • ✅ Introducing hands-on case: Harvest Table Restaurant Group Inc.
💰 Module 2 – Revenue Recognition & Sales Reconciliation
  • 🧾 Analyze restaurant sales and POS reporting
  • 💳 Reconcile cash, card payments, bank deposits and payment methods
  • 🛵 Understand delivery platforms, tips and gratuities
  • 🎁 Review gift card accounting and prepare revenue working papers
  • ✅ Continuing : Harvest Table Restaurant Group Inc. (From Module 1)
📦 Module 3 – Inventory & Cost of Goods Sold (COGS)
  • 🥬 Review food and beverage inventory
  • 🧾 Analyze supplier purchases and inventory records
  • 📊 Calculate Cost of Goods Sold and Gross Profit
  • 🔍 Understand physical counts, inventory adjustments and COGS working papers
  • ✅ Continuing : Harvest Table Restaurant Group Inc.
💳 Module 4 – Expenses & Tax Adjustments
  • 📋 Review and classify restaurant operating expenses
  • 🧾 Identify deductible and non-deductible expenses
  • 🚗 Review vehicle, meals & entertainment and personal expenses
  • 📊 Prepare Schedule 1 tax adjustments and taxable income
  • ✅ Continuing : Harvest Table Restaurant Group Inc.
🏛️ Module 5 – GST/HST & Industry-Specific Tax Issues
  • 🧾 Review GST/HST collected and Input Tax Credits
  • 👥 Understand restaurant payroll costs and employer obligations
  • 🏥 Review WSIB and year-end compliance items
  • 🔄 Reconcile compliance information with the financial statements and T2 file
  • ✅ Continuing : Harvest Table Restaurant Group Inc.
📄 Module 6 – Complete T2 Preparation Case Study
  • 📊 Prepare the final income statement and balance sheet
  • 🧾 Complete Schedule 1 and other tax adjustments
  • 🏗️ Calculate CCA and complete key T2 schedules
  • 🏢 Follow the complete process from final working papers to the T2 return
  • ✅ Completing: Harvest Table Restaurant Group Inc.
🏆 Module 7 – Capstone: Full Engagement Restaurant Case Study

Apply Everything You Learned in a Real-World Client Engagement

  • ✅ Complete an independent Restaurant and Food Service corporate tax engagement Urban Fork Kitchen Inc.
  • 📁 Take responsibility for a new restaurant corporation engagement
  • 💰 Analyze revenue, COGS, expenses and financial information
  • 🧮 Prepare tax adjustments, CCA and key T2 schedules
  • 🎯 Apply everything learned to complete the full T2 preparation proces

Meet Your Instructor

Harsh Oza is the Founder of FinTech College with 30+ years of experience in tax and accounting.
He has trained 2,500+ students across Canada and worked with 450+ businesses.
His teaching focuses on practical, real-world application of T2 and corporate taxation.

What Students Say

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⭐️⭐️⭐️⭐️⭐️
I already prepare T2 returns, but restaurant clients were a new area for me. This course helped me understand the industry-specific issues, especially sales reconciliation, tips, delivery platforms, inventory, and COGS. I now feel much more confident taking on restaurant corporation clients.

— 👤 Carmen P. Tax Preparer | Ontario

⭐️⭐️⭐️⭐️⭐️
As a bookkeeper, I have already completed three other Uplyft T2 courses, and this course gave me another practical industry specialization. I especially liked the working papers and the way the course connected the bookkeeping records to the year-end T2 process.

— 👤 Mojgan L. Bookkeeper and Tax Preparer | Quebec

⭐️⭐️⭐️⭐️⭐️
I am learning T2 preparation to improve my job opportunities, and I found the practical approach very useful. Instead of just learning tax concepts, I could see how revenue, COGS, expenses, tax adjustments, and the financial statements all connect.

— 👤 Norma E.Senior Bookkeeper | Ontario

⭐️⭐️⭐️⭐️⭐️
The capstone was one of the strongest parts of the course. After following the guided restaurant case study, I had the opportunity to work through a new case and apply what I had learned. That gave me more confidence in my ability to work through a T2 engagement independently.

—👤 Doug G. Tax Advisor | Alberta

⭐️⭐️⭐️⭐️⭐️
I am working toward advancing my career in accounting and tax, and the Uplyft T2 courses have been very helpful. This course gave me practical experience with an industry-specific corporate tax engagement and helped me understand the complete process from client records to the final T2 return.

— 👤 Srinivas C. CPA Candidate | British Columbia

⭐️⭐️⭐️⭐️⭐️
This was exactly what I needed to expand my T2 knowledge into the restaurant industry. I liked that the course did not just focus on the tax return—it explained how restaurant transactions and accounting records flow into the final T2.

👤 Terry P. Small Business Tax Consultant | Ontario

Frequently Asked Questions

Is this course specifically for restaurant corporations?

Yes. This course is designed for restaurants and food service corporations and focuses on accounting and tax issues common in this industry.

What types of food service corporations are covered?

The course explores issues relevant to restaurants, cafés, bakeries, food trucks, catering businesses, ghost kitchens, and quick-service restaurants.

Is this a theory-based course or a practical course?

This is a practical, industry-focused course. You will work through realistic accounting records, reconciliations, working papers, financial statements, tax adjustments, and T2 preparation.

What will I learn about restaurant revenue?

You will learn about sales reconciliation, bank deposits, payment processors, tips and gratuities, gift cards, delivery platforms, and other restaurant-specific revenue issues.

Does the course cover inventory and Cost of Goods Sold?

Yes. You will learn how to review opening inventory, purchases, physical counts, closing inventory, inventory adjustments, COGS, and gross profit.

Does the course cover GST/HST and payroll?

Yes. The course includes practical coverage of GST/HST, ITCs, payroll, employer CPP and EI, WSIB, and related year-end compliance considerations.

Is this course suitable for beginners?

A basic understanding of accounting is recommended. The course guides you through the T2 preparation process step by step.

Will I learn how to complete an actual T2 return?

Yes. You will follow the complete T2 preparation workflow, including financial statement preparation, tax adjustments, CCA, key T2 schedules, and final corporate tax calculations.

What is the difference between the case study and the capstone?

The course includes a guided restaurant case study, where you learn the process step by step. In the final module, you complete a new independent capstone case study to apply what you have learned.

How long is the course?

The course includes 12+ hours of video training across 230+ lessons.

Is the course self-paced?

Yes. Learn anytime, anywhere, at your own pace.

Will I have lifetime access?

Yes. Once enrolled, you’ll have lifetime access to the course, including future updates.

What is the refund policy?

We offer a 14-day results-based money-back guarantee.
To ensure fair use, refund requests require either:

  • Completion of key course modules, or
  • Proof of reasonable attempt (e.g., worksheets or exercises completed)

Will I get a certificate?

Yes, certificate requirements are covered inside the course orientation module.

Which tax software is used?

The course includes hands-on training using Profile tax software.

Can I access the course on mobile devices?

Yes. The course can be accessed on desktop, tablet, and mobile devices with an internet connection.

Ready to Master T2 Returns for Restaurant & Food Service Corporations?

Stop relying on theory alone.
Learn the complete, real-world workflow used to prepare T2 returns for  Restaurant & Food Service corporations—from sales reconciliation to a CRA-ready corporate tax return.

🍽️ Restaurant Sales • Tips & Gratuities • Inventory & COGS • GST/HST • Complete T2 Preparation

👉 Start Learning Today – $299