What are some key inputs of the Integration Worksheet?

Jay Goodis -

The key inputs are as follows:

  • The corporate province and tax year ending are used to determine the corporate income tax rates
  • The type of income & M&P details are used to determine the tax effects if the income is earned through the corporation and paid out to the individual
  • The “Marginal corporate expenses” allow marginal expenses of a corporation (i.e. filing fee)
  • The "Existing amounts" are used to specify amounts that would be included on the T1 before the marginal allocation

 

 

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