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Hi there,
Just wondering, how Profile T2 handles multiple Provinces in same Year end.
e.g. Year Start - Jan 1st, 2009, Year End - Dec 31st, 2009
Continued corporation from Province A to Province B on August 1st, 2009
Please note that Federal Business No does not change, as it has continued from one Province to another, so there will be three Tax Returns
(1) Federal Tax Return - Jan 1st to Dec 31st
(2) Province A Tax Return - Jan 1st to July 31st
(3) Province B Tax Return - Aug 1st to Dec 31st
How, Profile T2 handles this ?
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Multiple Province in One Year End
#1
Suresh@SMPC 
- New Member
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- Group: Members
- Posts: 4
- Joined: 30-January 08
Posted 06 January 2010 - 09:40 PM
MultiQuote
#2
David Blue
- Professional Member
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- Group: Members
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- Joined: 02-December 01
Posted 06 January 2010 - 10:25 PM
Suresh@SMPC, on Jan 6 2010, 09:40 PM, said:
Hi there,
Just wondering, how Profile T2 handles multiple Provinces in same Year end.
e.g. Year Start - Jan 1st, 2009, Year End - Dec 31st, 2009
Continued corporation from Province A to Province B on August 1st, 2009
Please note that Federal Business No does not change, as it has continued from one Province to another, so there will be three Tax Returns
(1) Federal Tax Return - Jan 1st to Dec 31st
(2) Province A Tax Return - Jan 1st to July 31st
(3) Province B Tax Return - Aug 1st to Dec 31st
How, Profile T2 handles this ?
Just wondering, how Profile T2 handles multiple Provinces in same Year end.
e.g. Year Start - Jan 1st, 2009, Year End - Dec 31st, 2009
Continued corporation from Province A to Province B on August 1st, 2009
Please note that Federal Business No does not change, as it has continued from one Province to another, so there will be three Tax Returns
(1) Federal Tax Return - Jan 1st to Dec 31st
(2) Province A Tax Return - Jan 1st to July 31st
(3) Province B Tax Return - Aug 1st to Dec 31st
How, Profile T2 handles this ?
It handles it under the multi jurisditional form. Works fine, I have a Ontario, Alberta split., Before you contintue make sure the company is registered in each province.
use schedule 5, fill in the blanks and presto, everything works.
#3
louiskam
- Senior Member
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- Group: Members
- Posts: 456
- Joined: 30-November 99
- Gender:Male
Posted 06 January 2010 - 11:10 PM
Suresh@SMPC, on Jan 6 2010, 02:40 PM, said:
Hi there,
Just wondering, how Profile T2 handles multiple Provinces in same Year end.
e.g. Year Start - Jan 1st, 2009, Year End - Dec 31st, 2009
Continued corporation from Province A to Province B on August 1st, 2009
Please note that Federal Business No does not change, as it has continued from one Province to another, so there will be three Tax Returns
(1) Federal Tax Return - Jan 1st to Dec 31st
(2) Province A Tax Return - Jan 1st to July 31st
(3) Province B Tax Return - Aug 1st to Dec 31st
How, Profile T2 handles this ?
Just wondering, how Profile T2 handles multiple Provinces in same Year end.
e.g. Year Start - Jan 1st, 2009, Year End - Dec 31st, 2009
Continued corporation from Province A to Province B on August 1st, 2009
Please note that Federal Business No does not change, as it has continued from one Province to another, so there will be three Tax Returns
(1) Federal Tax Return - Jan 1st to Dec 31st
(2) Province A Tax Return - Jan 1st to July 31st
(3) Province B Tax Return - Aug 1st to Dec 31st
How, Profile T2 handles this ?
Put "MJ" under Corporation Info/Jurisdiction, then file-in the S5 schedule.
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