Hi, thank you for using TurboTax Live Community

First year corporation filers can electronically file their corporation tax return. The Canada Revenue Agency encourages electronic filing of the T2.

Hope this helps

Can you also confirm if the first personal tax return has to be a paper return or can it be filed electronically ? I am a new immigrant and this will be my first return. 

Hi, thank you for using TurboTax Live Community

There is not an exclusion the first year a T1 general tax return is filed. First year filers can usually file their tax return electronically. Although the Canada Revenue Agency does have net file exclusions, first year filing is not one of them.

Hope this helps