Personal Tax
Partnership Income
What is a T5013
Transfer of receivables, tax deferred
What is section 22
Computer hardware
What is Class 50
NBV $100, UCC $80 =?
What is a temporary difference of $20/ What is a DTL of $5
Charitable Donations
What is Schedule 2
Due April 30 or June 15
What is a T1/ What is a personal tax return
Transfer to a corporation, tax deferred
What is a section 85
Amortization Period of Class 13 Assets
What is lease term+1 renewal period
26.5% in Ontario
What is the statutory tax rate
Internet activities
What is Schedule 88
Grow on a tax deferred basis
What is an RRSP
Election to deem interest at ~5%
What is a PLOI
Disposition amount reported on schedule 8
What is lower of cost or proceeds
Tax expense / Net income before tax
What is the effective tax rate
Reporting of transactions with related non-residents
What is T106
$6,000 per year
What is the TFSA
Transfer to a partnership, tax deferred
What is section 97(2)
Previously known as CEC on schedule 10
What is Class 14.1
50.01% chance
What is more likely than not
Tax on dividends for CCPCs
What is Part IV tax
$2,000 cushion
What is the RRSP overcontribution limit
Deemed year end to occur immediately preceding the acquisition of control
What is 256(9)
Purchase fixed assets in the middle of the year
What is the half year rule
ASPE / US GAAP: Valuation Allowance
IFRS= ?
What is unrecognized deferred tax assets
4 eye review process
What is QPR?