Schedule 10 - I!“ 236%“ ”W” 3mg"Wen"...

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Unformatted text preview: I!“ 236%“ ”W” 3mg: "Wen" CUMULATIVE ELIGIBLE CAPITAL DEDUCTION SCHEDULE 10 2002 and later taxation years Code 0201 Name of corporation Business Number Taxation year—end Year Month Day . For use by a corporation that has eligible capital property. For more information, see the T2 Corporation Income Tax Guide. . A separate cumulative eligible capital account must be kept for each business. Part 1 — Calculation of current year deduction and carry-forward Cumulative ellglble capital — Balance at the end of the preceding taxation ear (if negative, enter '0') Add: Cost of eligible capital property acquired during the taxation year , Other adjustments .............. (U A Subtotal (line 222 plus line 226) X 3/4 = B Non-taxable portion of a non-arm's length transferor's gain realized on the transfer of an eligible capital property to the corporation after December 20, 2002 ...................... 228 x 1/2 = C amount B minus amount C (if negative, enter "0") b D Amount transferred on amalgamation or wind-up of subsidiary ............................................ 224 E Subtotal (add amounts A, D, and E) 230 F Deduct: Proceeds of sale (less outlays and expenses not othenivise deductible) from the disposition of all eligible capital property during the taxation year ......... 242 3.8 E) 1) Q G The gross amount of a reduction in respect of a forgiven debt obligation as provided for in subsection 80(7) ,,,,,,,,,,,,,,,,,,,,,,,,,,, 244 H Other adjustments .............................................. 245 I (add amounts G, H, and I) g x 3/4 = 243 a 8 S 00 J Cumulative eligible capital balance (amount F minus amount J) ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, l g S b O K (it amount K is negative, enter '0' at line M and proceed to Part 2) Cumulative eligible capital for a property no longer owned after ceasing to carry on that business 249 amount K w less amount from line 249 Current year deduction ................................... l g g D 3 x 7% = a $63. * , (line 249 plus line 250) (enter this amount at line 405 of Schedule1) _:S'fi'_ > 803 L Cumulative ellglble capital — Closing balance (amount K minus amount L) (if negative, enter '0') ................. 300 ( O 6 9 S M * You can claim any amount up to the maximum deduction of 7%. The deduction may not exceed the maximum amount prorated by the number of days in the taxation year divided by 365. Part 2 - Amount to be included in income arising from disposition (complete thIs part only if the amount at line K is negative) Amount from line K (show as positive amount) Total of cumulative eligible capital (CEC) deductions from income for taxation years beginning after June 30. 1988 ............................................................... 400 1 Total of all amounts which reduced CEO in the current or prior years under subsection 80 (7) ...... 401 2 Total of CEO deductions claimed for taxation years beginning before July 1, 1988 ...................................... 402 3 Negative balances in the CEC account that were included in income for taxation years beginning before July 1. 1988 ,,,,,,,,, 408 4 Line 3 minus line 4 (if negative, enter '0') ,,,,,,,,,,,,,,,,,,,,,,,,, F 5 Total of lines 1, 2, and 5 ................................................................. 6 Amounts included in income under paragraph 14(1)(b), as that paragraph applied to taxation years ending after June 30, 1988 and before February 28, 2000, to the extent that it is for an amount described at line .400. .......................................... 7 Amounts at line T from Schedule 10 of previous taxation years ending after February 27. 2000 ....................................... 8 Subtotal (line 7 plus line 8) D 9 Line 6 minus line 9 (if negative, enter '0") Line N minus line 0 (if negative, enter '0') ................................................... “D Line P minus line 0 (if negative, enter '0') T2 SCH 10 (04) Printed In Canada (Francais 3“ verso) $118.65 ...
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