Fillable Form 200: (2015 and later tax years) T2 (Government of Canada)

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Form 200: (2015 and later tax years) T2 (Government of Canada)

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T2 Corporation Income Tax Return
(2015 and later tax years)
200
Code 1501
Protected B
when completed
This form serves as a federal, provincial, and territorial corporation income tax return, unless the corporation is located in
Quebec or Alberta. If the corporation is located in one of these provinces, you have to file a separate provincial
corporation return.
All legislative references on this return are to the federal Income Tax Act and Income Tax Regulations. This return may
contain changes that had not yet become law at the time of publication.
Send one completed copy of this return, including schedules and the General Index of Financial Information (GIFI), to your
tax centre or tax services office. You have to file the return within six months after the end of the corporation's tax year.
For more information see www.cra.gc.ca or Guide T4012, T2 Corporation – Income Tax Guide.
055
Do not use this area
Identification
001
Business number (BN) . . . . . . . . . . . .
Corporation's name
002
Address of head office
010
Has this address changed since the last
time we were notified? . . . . . . . . . . . . .
(If yes, complete lines 011 to 018.)
1 Yes 2 No
011
012
015
City
016
Province, territory, or state
017
Country (other than Canada)
018
Postal code/Zip code
Mailing address (if different from head office address)
020
Has this address changed since the
last time we were notified? . . . . . . . . . .
1 Yes 2 No
(If yes, complete lines 021 to 028.)
021
c/o
022
023
025
City
026
Province, territory, or state
027
Country (other than Canada)
028
Postal code/Zip code
Location of books and records (if different from head office address)
030
Has the location of books and records
changed since the last time we were
notified? . . . . . . . . . . . . . . . . . . . . . . .
(If yes, complete lines 031 to 038.)
1 Yes 2 No
031
032
035
City
036
Province, territory, or state
037
Country (other than Canada)
038
Postal code/Zip code
040
Type of corporation at the end of the tax year
1
Canadian-controlled private
corporation (CCPC)
2
Other private corporation
3
Public
corporation
4
Corporation controlled by
a public corporation
5
Other corporation
(specify, below)
043
If the type of corporation changed
during the tax year, provide the
effective date of the change . . . . . . . .
YYYY MM DD
To which tax year does this return apply?
060
Tax year start
YYYY MM DD
061
Tax year-end
YYYY MM DD
063
Has there been an acquisition of control
to which subsection 249(4) applies
since the tax year start on line 060? . . .
1 Yes 2 No
065
If yes, provide the date control was
acquired . . . . . . . . . . . . . . . . . . . . . . . .
YYYY MM DD
066
Is the date on line 061 a deemed
tax year-end according to
subsection 249(3.1)? . . . . . . . . . . . . . .
1 Yes 2 No
067
Is the corporation a professional
corporation that is a member of a
partnership?. . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
Is this the first year of filing after:
070
Incorporation? . . . . . . . . . . . . . . . . . .
1 Yes 2 No
071
Amalgamation? . . . . . . . . . . . . . . . . .
1 Yes 2 No
If yes, complete lines 030 to 038 and attach Schedule 24.
072
Has there been a wind-up of a
subsidiary under section 88 during the
current tax year? . . . . . . . . . . . . . . . .
If yes, complete and attach Schedule 24.
1 Yes 2 No
076
Is this the final tax year before
amalgamation?. . . . . . . . . . . . . . . . . . .
1 Yes 2 No
078
Is this the final return up to
dissolution? . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
079
If an election was made under section 261, state
the functional currency used . . . . . . . . . . . .
080
Is the corporation a resident of Canada?
1 Yes 2 No
If no, give the country of residence
on line 081 and complete and attach
Schedule 97.
081
082
Is the non-resident corporation claiming
an exemption under an income tax
treaty? . . . . . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
If yes, complete and attach Schedule 91.
If the corporation is exempt from tax under section 149, tick one of the
following boxes:
085
1
Exempt under paragraph 149(1)(e) or (l)
2
Exempt under paragraph 149(1)(j)
3
Exempt under paragraph 149(1)(t)
4
Exempt under other paragraphs of section 149
Do not use this area
095 096
898
T2 E (15)
(Vous pouvez obtenir ce formulaire en français à www.arc.gc.ca/formulaires ou en composant le 1-800-959-7775.)
Page 1 of 8
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Protected B when completed
Attachments
Financial statement information: Use GIFI schedules 100, 125, and 141.
Schedules – Answer the following questions. For each yes response, attach the schedule to the T2 return, unless otherwise instructed.
Yes
Schedule
150
Is the corporation related to any other corporations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
160
Is the corporation an associated CCPC? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
161
Is the corporation an associated CCPC that is claiming the expenditure limit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49
151
Does the corporation have any non-resident shareholders who own voting shares? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
162
Has the corporation had any transactions, including section 85 transfers, with its shareholders, officers, or employees,
other than transactions in the ordinary course of business? Exclude non-arm's length transactions with non-residents . . . . . . . . . . . . . .
11
163
If you answered yes to the above question, and the transaction was between corporations not dealing at
arm's length, were all or substantially all of the assets of the transferor disposed of to the transferee?. . . . . . . . . . . . . . . . . . . . . . . . . .
44
164
Has the corporation paid any royalties, management fees, or other similar payments to residents of Canada? . . . . . . . . . . . . . . . . . . . .
14
165
Is the corporation claiming a deduction for payments to a type of employee benefit plan? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
166
Is the corporation claiming a loss or deduction from a tax shelter? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T5004
167
Is the corporation a member of a partnership for which a partnership account number has been assigned? . . . . . . . . . . . . . . . . . . . . . .
T5013
168
Did the corporation, a foreign affiliate controlled by the corporation, or any other corporation or trust that did not deal at arm's length
with the corporation have a beneficial interest in a non-resident discretionary trust (without reference to section 94)? . . . . . . . . . . . . . . .
22
169
Did the corporation own any shares in one or more foreign affiliates in the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
170
Has the corporation made any payments to non-residents of Canada under subsections 202(1) and/or 105(1) of
the Income Tax Regulations? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
171
Did the corporation have a total amount over $1 million of reportable transactions with non-arm's length non-residents? . . . . . . . . . . . . .
T106
173
For private corporations: Does the corporation have any shareholders who own 10% or more of the corporation's common
and/or preferred shares? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
50
172
Has the corporation made payments to, or received amounts from, a retirement compensation plan arrangement during the year? . . . . .
180
Does the corporation earn income from one or more Internet webpages or websites? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
88
201
Is the net income/loss shown on the financial statements different from the net income/loss for income tax purposes? . . . . . . . . . . . . . .
1
202
Has the corporation made any charitable donations; gifts to Canada, a province, or a territory;
gifts of cultural or ecological property; or gifts of medicine? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
203
Has the corporation received any dividends or paid any taxable dividends for purposes of the dividend refund? . . . . . . . . . . . . . . . . . . .
3
204
Is the corporation claiming any type of losses? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
205
Is the corporation claiming a provincial or territorial tax credit or does it have
a permanent establishment in more than one jurisdiction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
206
Has the corporation realized any capital gains or incurred any capital losses during the tax year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
207
i) Is the corporation claiming the small business deduction and reporting income from: a) property (other than dividends deductible on
line 320 of the T2 return), b) a partnership, c) a foreign business, or d) a personal services business; or
ii) does the corporation have aggregate investment income at line 440? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
208
Does the corporation have any property that is eligible for capital cost allowance? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
210
Does the corporation have any property that is eligible capital property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
212
Does the corporation have any resource-related deductions? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
213
Is the corporation claiming deductible reserves (other than transitional reserves under section 34.2)? . . . . . . . . . . . . . . . . . . . . . . . . . .
13
216
Is the corporation claiming a patronage dividend deduction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
217
Is the corporation a credit union claiming a deduction for allocations in proportion to borrowing or an additional deduction?. . . . . . . . . . .
17
218
Is the corporation an investment corporation or a mutual fund corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
220
Is the corporation carrying on business in Canada as a non-resident corporation? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
221
Is the corporation claiming any federal, provincial, or territorial foreign tax credits, or any federal logging tax credits? . . . . . . . . . . . . . . .
21
227
Does the corporation have any Canadian manufacturing and processing profits? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
231
Is the corporation claiming an investment tax credit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31
232
Is the corporation claiming any scientific research and experimental development (SR&ED) expenditures? . . . . . . . . . . . . . . . . . . . . . .
T661
233
Is the total taxable capital employed in Canada of the corporation and its related corporations over $10,000,000? . . . . . . . . . . . . . . . . .
33/34/35
234
Is the total taxable capital employed in Canada of the corporation and its associated corporations over $10,000,000? . . . . . . . . . . . . . .
237
Is the corporation claiming a surtax credit?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
37
238
Is the corporation subject to gross Part VI tax on capital of financial institutions?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38
242
Is the corporation claiming a Part I tax credit?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
42
243
Is the corporation subject to Part IV.1 tax on dividends received on taxable preferred shares or Part VI.1 tax on dividends paid? . . . . . . .
43
244
Is the corporation agreeing to a transfer of the liability for Part VI.1 tax?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
45
249
Is the corporation subject to Part II – Tobacco Manufacturers' surtax? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46
250
For financial institutions: Is the corporation a member of a related group of financial institutions
with one or more members subject to gross Part VI tax? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
39
253
Is the corporation claiming a Canadian film or video production tax credit refund?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1131
254
Is the corporation claiming a film or video production services tax credit refund?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1177
255
Is the corporation subject to Part XIII.1 tax? (Show your calculations on a sheet that you identify as Schedule 92.). . . . . . . . . . . . . . . . .
92
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Attachments – continued from page 2
Yes
Schedule
271
Did the corporation have any foreign affiliates in the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1134
259
Did the corporation own or hold specified foreign property where the total cost amount of all such property, at any time in the year, was
more than CAN$100,000? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1135
260
Did the corporation transfer or loan property to a non-resident trust? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1141
261
Did the corporation receive a distribution from or was it indebted to a non-resident trust in the year?. . . . . . . . . . . . . . . . . . . . . . . . . . .
T1142
262
Has the corporation entered into an agreement to allocate assistance for SR&ED carried out in Canada? . . . . . . . . . . . . . . . . . . . . . . .
T1145
263
Has the corporation entered into an agreement to transfer qualified expenditures incurred in respect of SR&ED contracts?. . . . . . . . . . .
T1146
264
Has the corporation entered into an agreement with other associated corporations for salary or wages of specified
employees for SR&ED? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T1174
265
Did the corporation pay taxable dividends (other than capital gains dividends) in the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
55
266
Has the corporation made an election under subsection 89(11) not to be a CCPC?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T2002
267
Has the corporation revoked any previous election made under subsection 89(11)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
T2002
268
Did the corporation (CCPC or deposit insurance corporation (DIC)) pay eligible dividends, or did its
general rate income pool (GRIP) change in the tax year?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
53
269
Did the corporation (other than a CCPC or DIC) pay eligible dividends, or did its low rate income pool (LRIP)
change in the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
54
Additional information
270
Did the corporation use the International Financial Reporting Standards (IFRS) when it prepared its financial statements?
1 Yes 2 No
280
Is the corporation inactive?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
Specify the principal products mined, manufactured,
sold, constructed, or services provided, giving the
approximate percentage of the total revenue that each
product or service represents.
284 285
%
286 287
%
288 289
%
291
Did the corporation immigrate to Canada during the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
292
Did the corporation emigrate from Canada during the tax year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
293
Do you want to be considered as a quarterly instalment remitter if you are eligible? . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
294
If the corporation was eligible to remit instalments on a quarterly basis for part of the tax year, provide
the date the corporation ceased to be eligible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YYYY MM DD
295
If the corporation's major business activity is construction, did you have any subcontractors during the tax year? . . . . . . . .
1 Yes 2 No
Taxable income
300
A
Net income or (loss) for income tax purposes from Schedule 1, financial statements, or GIFI . . . . . . . . . . . . . . . . . . . . . .
Deduct:
311
Charitable donations from Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
312
Gifts to Canada, a province, or a territory from Schedule 2 . . . . . . . . . . . . . . .
313
Cultural gifts from Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
314
Ecological gifts from Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
315
Gifts of medicine from Schedule 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
320
Taxable dividends deductible under section 112 or 113, or subsection 138(6)
from Schedule 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
325
Part VI.1 tax deduction* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
331
Non-capital losses of previous tax years from Schedule 4 . . . . . . . . . . . . . . . .
332
Net capital losses of previous tax years from Schedule 4 . . . . . . . . . . . . . . . .
333
Restricted farm losses of previous tax years from Schedule 4 . . . . . . . . . . . . .
334
Farm losses of previous tax years from Schedule 4 . . . . . . . . . . . . . . . . . . . .
335
Limited partnership losses of previous tax years from Schedule 4 . . . . . . . . . .
340
Taxable capital gains or taxable dividends allocated from a
central credit union . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
350
Prospector's and grubstaker's shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Subtotal
◄
B
C
Subtotal (amount A minus amount B) (if negative, enter "0")
355
D
Add:
Section 110.5 additions or subparagraph 115(1)(a)(vii) additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
360
Taxable income (amount C plus amount D) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
370
Income exempt under paragraph 149(1)(t) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Z
Taxable income for a corporation with exempt income under paragraph 149(1)(t) (line 360 minus line 370) . . . . . . . . . . . . . . . .
* This amount is equal to 3.5 times the Part VI.1 tax payable at line 724 on page 8.
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Small business deduction
Canadian-controlled private corporations (CCPCs) throughout the tax year
400
A
Income from active business carried on in Canada from Schedule 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
405
B
Taxable income from line 360 on page 3, minus 100/28 of the amount on line 632* on page 7, minus 4 times the amount on
line 636** on page 7, and minus any amount that, because of federal law, is exempt from Part I tax . . . . . . . . . . . . . . . . . .
410
C
Business limit (see notes 1 and 2 below) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes:
1. For CCPCs that are not associated, enter $500,000 on line 410. However, if the corporation's tax year is less than 51 weeks,
prorate this amount by the number of days in the tax year divided by 365, and enter the result on line 410.
2. For associated CCPCs, use Schedule 23 to calculate the amount to be entered on line 410.
Business limit reduction:
Amount C
×
415
D
***
11,250
=
. . . . . . . . . . . . . . . . . . . . . . . .
E
425
F
Reduced business limit (amount C minus amount E) (if negative, enter "0"). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Small business deduction
Amount A, B, C, or F,
whichever is the least
×
Number of days in the tax year before
January 1, 2016
Number of days in the tax year
× 17% =
1
Amount A, B, C, or F,
whichever is the least
×
Number of days in the tax year after
December 31, 2015, and before January 1, 2017
Number of days in the tax year
× 17.5% =
2
430
G
Total of amounts 1 and 2 (enter amount G on line I on page 7)
* Calculate the amount of foreign non-business income tax credit deductible on line 632 without reference to the refundable tax on the CCPC's investment
income (line 604) and without reference to the corporate tax reductions under section 123.4.
** Calculate the amount of foreign business income tax credit deductible on line 636 without reference to the corporation tax reductions under section 123.4.
*** Large corporations
•
If the corporation is not associated with any corporations in both the current and previous tax years, the amount to be entered on line 415 is:
(total taxable capital employed in Canada for the prior year minus $10,000,000) x 0.225%.
•
If the corporation is not associated with any corporations in the current tax year, but was associated in the previous tax year, the amount to be
entered on line 415 is: (total taxable capital employed in Canada for the current year minus $10,000,000) x 0.225%.
•
For corporations associated in the current tax year, see Schedule 23 for the special rules that apply.
Page 4
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General tax reduction for Canadian-controlled private corporations
Canadian-controlled private corporations throughout the tax year
A
Taxable income from page 3 (line 360 or amount Z, whichever applies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B
Lesser of amounts B9 and H9 from Part 9 of Schedule 27 . . . . . . . . . . . . . . . . . . . . . . . . . . .
C
Amount K13 from Part 13 of Schedule 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
432
D
Personal service business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E
Amount used to calculate the credit union deduction (amount F from Schedule 17) . . . . . . . . .
F
Amount from line 400, 405, 410, or 425 on page 4, whichever is the least . . . . . . . . . . . . . . . .
G
Aggregate investment income from line 440 on page 6* . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H
Subtotal (add amounts B to G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
◄
I
Amount A minus amount H (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J
General tax reduction for Canadian-controlled private corporations – Amount I multiplied by 13% . . . . . . . . . . . . . . . . . .
Enter amount J on line 638 on page 7.
* Except for a corporation that is, throughout the year, a cooperative corporation (within the meaning assigned by subsection 136(2)) or a credit union.
General tax reduction
Do not complete this area if you are a Canadian-controlled private corporation, an investment corporation, a mortgage investment corporation,
a mutual fund corporation, or any corporation with taxable income that is not subject to the corporation tax rate of 38%.
K
Taxable income from page 3 (line 360 or amount Z, whichever applies). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L
Lesser of amounts B9 and H9 from Part 9 of Schedule 27 . . . . . . . . . . . . . . . . . . . . . . . . . . .
M
Amount K13 from Part 13 of Schedule 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
434
N
Personal service business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O
Amount used to calculate the credit union deduction (amount F from Schedule 17) . . . . . . . . . .
P
Subtotal (add amounts L to O) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
◄
Q
Amount K minus amount P (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
R
General tax reduction – Amount Q multiplied by 13%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter amount R on line 639 on page 7.
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Refundable portion of Part I tax
Canadian-controlled private corporations throughout the tax year
440
Aggregate investment income
from Schedule 7 . . . . . . . . . . . . .
×
26 2/3%
=
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A
B
Foreign non-business income tax credit from line 632 on page 7. . . . . . . . . . . . . . . . . . . .
Deduct:
445
Foreign investment income
from Schedule 7 . . . . . . . . . . . . .
×
9 1/3%
=
. . . . . . .
C
D
(if negative, enter "0")
◄
E
Amount A minus amount D (if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F
Taxable income from line 360 on page 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Deduct:
G
Amount from line 400, 405, 410, or 425 on page 4,
whichever is the least . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign non-business
income tax credit from
line 632 on page 7 . . . .
×
100/35
=
. . .
H
Foreign business income
tax credit from line 636
on page 7 . . . . . . . . . .
×
4
=
. . .
I
J
Subtotal
◄
K
×
26 2/3%
=
L
M
Part I tax payable minus investment tax credit refund (line 700 minus line 780 from page 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
450
N
Refundable portion of Part I tax – Amount E, L, or M, whichever is the least . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Refundable dividend tax on hand
460
Refundable dividend tax on hand at the end of the previous tax year . . . . . . . . . . . . . . . .
465
Deduct: Dividend refund for the previous tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
O
◄
Add the total of:
P
Refundable portion of Part I tax from line 450 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Q
Total Part IV tax payable from Schedule 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
480
Net refundable dividend tax on hand transferred from a predecessor
corporation on amalgamation, or from a wound-up subsidiary corporation . . . . . . . . . .
R
◄
485
Refundable dividend tax on hand at the end of the tax year – Amount O plus amount R . . . . . . . . . . . . . . . . . . . . . . . .
Dividend refund
Private and subject corporations at the time taxable dividends were paid in the tax year
S
Taxable dividends paid in the tax year from line 460 on page 2 of Schedule 3 . . . . . . . . . . . .
×
1/3
=
T
Refundable dividend tax on hand at the end of the tax year from line 485 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U
Dividend refund – Amount S or T, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter amount U on line 784 on page 8.
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Part I tax
550
A
Base amount Part I tax – Taxable income from page 3 (line 360 or amount Z, whichever applies) multiplied by 38% . . . .
602
B
Recapture of investment tax credit from Schedule 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Calculation for the refundable tax on the Canadian-controlled private corporation's (CCPC) investment income
(if it was a CCPC throughout the tax year)
C
Aggregate investment income from line 440 on page 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
D
Taxable income from line 360 on page 3 . . . . . . . . . . . . . . . . . . . .
Deduct:
E
Amount from line 400, 405, 410, or 425 on page 4, whichever
is the least . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F
Net amount (amount D minus amount E) . . . . . . . . . . . . . . . . . . .
◄
604
Refundable tax on CCPC's investment income – 6 2/3% of whichever is less: amount C or amount F . . . . . . . . . . . . . . .
G
H
Subtotal (add amounts A, B, and G)
Deduct:
I
Small business deduction from line 430 on page 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
608
Federal tax abatement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
616
Manufacturing and processing profits deduction from Schedule 27. . . . . . . . . . . . . . . . . . . .
620
Investment corporation deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
624
Taxed capital gains
628
Additional deduction – credit unions from Schedule 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
632
Federal foreign non-business income tax credit from Schedule 21 . . . . . . . . . . . . . . . . . . . .
636
Federal foreign business income tax credit from Schedule 21 . . . . . . . . . . . . . . . . . . . . . . .
638
General tax reduction for CCPCs from amount J on page 5. . . . . . . . . . . . . . . . . . . . . . . . .
639
General tax reduction from amount R on page 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
640
Federal logging tax credit from Schedule 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Eligible Canadian bank deduction under section 125.21 . . . . . . . . . . . . . . . . . . . . . . . . . . .
641
648
Federal qualifying environmental trust tax credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
652
Investment tax credit from Schedule 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J
Subtotal
◄
K
Part I tax payable – Amount H minus amount J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter amount K on line 700 on page 8.
Privacy statement
Personal information is collected under the Income Tax Act to administer tax, benefits, and related programs. It may also be used for any purpose related to
the administration or enforcement of the Act such as audit, compliance and the payment of debts owed to the Crown. It may be shared or verified with other
federal, provincial/territorial government institutions to the extent authorized by law. Failure to provide this information may result in interest payable, penalties
or other actions. Under the Privacy Act, individuals have the right to access their personal information and request correction if there are errors or omissions.
Refer to Info Source http://www.cra-arc.gc.ca/gncy/tp/nfsrc/nfsrc-eng.html, personal information bank CRA PPU 047.
Page 7
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Summary of tax and credits
Federal tax
700
Part I tax payable from amount K on page 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
708
Part II surtax payable from Schedule 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
710
Part III.1 tax payable from Schedule 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
712
Part IV tax payable from Schedule 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
716
Part IV.1 tax payable from Schedule 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
720
Part VI tax payable from Schedule 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
724
Part VI.1 tax payable from Schedule 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
727
Part XIII.1 tax payable from Schedule 92 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
728
Part XIV tax payable from Schedule 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total federal tax
Add provincial or territorial tax:
750
Provincial or territorial jurisdiction . . . . . . . . . . . . . . . . . .
(if more than one jurisdiction, enter "multiple" and complete Schedule 5)
760
Net provincial or territorial tax payable (except Quebec and Alberta) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
770
A
Total tax payable
Deduct other credits:
780
Investment tax credit refund from Schedule 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
784
Dividend refund from amount U on page 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
788
Federal capital gains refund from Schedule 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
792
Federal qualifying environmental trust tax credit refund . . . . . . . . . . . . . . . . . . . . . . . .
796
Canadian film or video production tax credit refund (Form T1131) . . . . . . . . . . . . . . . . .
797
Film or video production services tax credit refund (Form T1177) . . . . . . . . . . . . . . . . .
800
Tax withheld at source . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
801
Total payments on which tax has been withheld . . . . . . . .
808
Provincial and territorial capital gains refund from Schedule 18 . . . . . . . . . . . . . . . . . . .
812
Provincial and territorial refundable tax credits from Schedule 5 . . . . . . . . . . . . . . . . . .
840
Tax instalments paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
890
Total credits
◄
B
Balance (amount A minus amount B)
If the result is positive, you have a balance unpaid.
If the result is negative, you have an overpayment.
Enter the amount on whichever line applies.
Generally, we do not charge or refund a difference
of $2 or less.
◄
Balance unpaid . . . . . . . .
For information on how to make your payment, go to
www.cra-arc.gc.ca/payments.
◄
Overpayment
894
Refund code
Direct deposit request
To have the corporation's refund deposited directly into the corporation's bank
account at a financial institution in Canada, or to change banking information you
already gave us, complete the information below:
Start Change information
910
Branch number
914
Institution number
918
Account number
896
If the corporation is a Canadian-controlled private corporation throughout the tax year,
does it qualify for the one-month extension of the date the balance of tax is due? . . . . . . . . . . . . . . . . . . . . .
1 Yes 2 No
920
If this return was prepared by a tax preparer for a fee, provide their EFILE number . . . . . . . . . . . . . . . . . . . . . . . . .
Certification
950
I,
Last name (print)
951
First name (print)
954
Position, office, or rank
,
am an authorized signing officer of the corporation. I certify that I have examined this return, including accompanying schedules and statements, and that
the information given on this return is, to the best of my knowledge, correct and complete. I also certify that the method of calculating income for this tax
year is consistent with that of the previous tax year except as specifically disclosed in a statement attached to this return.
955
Date (yyyy/mm/dd)
Signature of the authorized signing officer of the corporation
956
Telephone number
957
Is the contact person the same as the authorized signing officer? If no, complete the information below . . . . .
1 Yes 2 No
958
Name (print)
959
Telephone number
Language of correspondence – Langue de correspondance
990
Indicate your language of correspondence by entering 1 for English or 2 for French.
Indiquez votre langue de correspondance en inscrivant 1 pour anglais ou 2 pour français.
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Form 200: (2015 and later tax years) T2 (Government of Canada)

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Completed 18 May 2022

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