Preparing Your Corporate Tax Returns , 43rd Edition 2023

File your returns with accuracy by staying up-to-date on recent tax changes with the most current tax preparation guide. Critically-acclaimed by tax professionals, Preparing Your Corporate Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for corporate tax returns available.

Features & Coverage:

Why do tax professionals across Canada come back to Wolters Kluwer year-after-year? It's simple. We provide the most comprehensive tax resource available anywhere. Commentary on federal and provincial income and capital taxes is exhaustively detailed. Descriptions of forms and analysis of necessary information are organized by topic. Preparing Your Corporate Tax Returns will give you the professional expertise, confidence, and time-saving efficiency you need to deliver your best returns.

What's New in the 2023 Edition:

·       2022 Federal Budget measures, including:

o   Small business deduction

o   Substantive CCPCs

o   Investment tax credit for carbon capture, utilization, and storage    

o   Clean technology tax incentives — air-source heat pumps    

o   Critical minerals exploration tax credit         

o   Flow-through shares for oil, gas and coal Activities  

o   Interest coupon stripping

o   Canada Recovery Dividend and additional tax on banks and life insurers    

·       electronic filing of tax returns

·       interest and financing deduction limits

·       mandatory disclosure rules

·       rate reduction for zero-emission technology manufacturers

·       indexed amounts

·       changes to forms

Table of Contents

• How To Use This Book

• Forms and Schedules

• Recent Federal Income Tax Changes

• 2022 Provincial Tax Change Summary

• Tax Calendar

• 2022 and 2023 Federal and Provincial Tax Rates

• Prescribed Quarterly Interest Rates

• Prescribed Interest Rates for Leasing Rules

• Automobile Rates and Limits

• Mileage Rates

• Yearly Average Conversion Rates For Major Currencies

• Rates of Withholding Tax under Income Tax Agreements Signed by Canada

Chapters

• Information to be Gathered for Corporate Tax Return Preparation

• T2 Corporation Income Tax Returns

• Schedules 1 and 150

• Schedules 2 to 7

• Schedules 8 and Fixed Asset Reconciliation

• Schedules 9 to 19

• Schedules 20 to 29

• Various Schedules 31 to 150

• Other Forms

• Provincial Tax Credits

• Ontario Corporations Tax Return

• Quebec Corporation Income Tax Return

• Alberta Corporate Income Tax Return

• Provincial Financial Corporations Capital Tax Returns

• Corporations Returns Act

• Instructions for Filing

• Income and Capital Tax Installments

• Corporate Tax Return Preparation Checklist

• Reconciliation of Accounting Income to Income for Tax Purposes

• Topical Index