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What is box/code 2780 supposed to represent on Schedule 100 'Balance Sheet Information'?
What is box/code 2780 supposed to represent on Schedule 100, Balance Sheet Information? In looking at what my accountant inputted last year, I'm not sure how the figure was derived. Thanks.
October 31, 2019
6:24 AM
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Self-employed
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All the codes on schedules 100 and 125 are those supplied by the Canada Revenue Agency(CRA). There is a CRA guide with these codes:
The section for this code says:" current amounts due to shareholder(s)/director(s), such as advances, loans, or notes "
So this seems to represent an amount such as a loan from the shareholder/ director to the corporation
Hope this helps
October 31, 2019
6:25 AM