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.
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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