Sales of corporation in 2022 with payouts over three years. Do I record the full Sale on 2023 Schedule 3 and then use T2017 to report the reserve?
This question should be answered by the Canada Revenue Agency (CRA). You can contact them by calling 1-800-959-8281. They may have other information required to correctly include this sale in your return as there may be a need of adjustments to prior years.
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Thanks, spent over 3 hours on phone with CRA and they had me going down a rabbit hole. Was hoping a simple question to what value Should go on Schedule 3. Thanks for trying
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clemansu
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thucydides
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