Ask Allan Forum
Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.
Notifications
Clear all
Ask Allan Forum
2
Posts
2
Users
0
Reactions
0
Views
Mar 20, 2020 5:21 pm
Hello,
What are the T2 schedules that a corporation needs to fill out if it only runs an online business through a third party site like ebay/amazon?
The corporation has no holding co and no investment income but if it decided to have these in the future what would those schedules be?
1 Reply
Mar 26, 2020 3:04 pm
Complete the following schedules:
T2 Return (Schedule 200)
Schedule 101 (opening balance sheet - new business)
Schedule 100 (balance sheet)
Schedule 125 (income statement)
Schedule 50 (shareholder information)
Schedule 24 - new incorporation