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New Member
posted Oct 29, 2019 9:06:32 PM

Incorporated company Taxes. GRIP Schedule 53 is not being completed. numbers are not being picked up from other schedules. Why?

incorporated company. CCPC

Entire schedule 53 is blank but i thought some of the balances ie dividends rec'd from schedule 3 should be picked up. Doesn't  not pick anything up. Please tell me how to fix this.

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1 Best answer
Level 2
Oct 29, 2019 9:06:33 PM

It may not need to be filled in.  If your company paid you dividends, they are most likely "other than eligible" and go on schedule 3.  You have to either receive or pay "eligible dividends, and you must make an election to pay them.  You can contact CRA and confirm a nil balance in your GRIP account.  1-800-959-5525

2 Replies
Level 2
Oct 29, 2019 9:06:33 PM

It may not need to be filled in.  If your company paid you dividends, they are most likely "other than eligible" and go on schedule 3.  You have to either receive or pay "eligible dividends, and you must make an election to pay them.  You can contact CRA and confirm a nil balance in your GRIP account.  1-800-959-5525

New Member
Oct 29, 2019 9:06:36 PM

Good afternoon

You can also contact TTBusiness Incorporated if you believe this error to be Software related

1-866-438-8020 Option 1 for client services

TurboTaxLee