How do I complete sch 7 for Bco when Bco contracts with related Aco and Aco gets its income from a partnership. I know SBD no longer applies. Just don’t know how to do it
A co gets income from partnership. B co contracts with A co to provide services. How do I complete schedule 7 as I know B co no longer gets SBD (or at most the SBD A co gets from partnership, ie percentage of income in partnership x 500,000.
How do I complete sch 7 for Bco when Bco contracts with related Aco and Aco gets its income from a partnership. I know SBD no longer applies. Just don’t know how to do it
Hello,
Unfortunately we are not fiscal experts and thus unable to provide tax advice on how to complete this form, in this case I would recommend contacting CRA tax tip line at 1-800-267-6999 who should be able to provide you a more detailed answer.
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