What are the corporate inputs for the Corporate Asset Disposition Worksheet?

Jay Goodis -

The following are the corporate inputs:

  • The province and tax year are used to determine the corporate income tax rates
  • The existing corporate income is used to allocate corporate income to the correct tax rate
  • If your client earned its active business income from M&P activities, please change the title from "Active business income" to "M&P active business income"
  • The opening carryforward balances may effect the tax results of the asset disposition or the existing corporate income
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