I received a T3[Statement of Trust Income Allocations and Designations] in the name of the corporation.
How do I complete Schedule 3? I have the following boxes on the form
Actual amount of eligible dividends
Capital gains
Other income
Amount resulting in cost base adjustment
Foreign non−business income & Foreign non−business income tax paid
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For the T2 return all income should be reported on schedule 125. You will then need to also look at other schedules such as s3, s6, s7 and s21. For more information on which schedules to use and how to complete them, you can use the Easy Step feature in TurboTax Business Incorporated and the CRA T2 guide available here
Hope this helps
Thanks this was helpful.
In addition I called CRA Business, 1hour 42 minutes, later was given insights as well. When I've read & absorbed the answers I will share if interested.
Thanks again
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