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mephisto
New Member

Corporation Purchased shares of another Corporation

My holding company (holdco), purchased shares of a an operating corporation (opco) in 2019.  I'm just doing my holdco taxes, where in the T2 do I put the share purchase of the opco shares?

1 Reply

Corporation Purchased shares of another Corporation

Hi, thank you for using Intuit TurboTax Community

If the filing corporation has an associated corporation, Canada Revenue Agency may require the completion of applicable schedules: schedule 9 for example.

TurboTax has a worksheet- RACDetails- to enter information in one place. There is a section on RACDetails for required information needed to complete schedules 9 and 23. TurboTax Business Inc does not contain schedule 49.

More information about associated corporations can be found at the following link:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4012/t2-corporatio...

Hope this helps