u/3junior

▲ 2 r/cantax

Corp Taxes - Accountant told my Friend for Capital Gains on T2 no need to write down cost and proceeds just put $0 for cost and in proceeds put the total Capital gains

Corp Taxes - Accountant told my Friend for Capital Gains on T2 no need to write down cost and proceeds just put $0 for cost and in proceeds put the total Capital gains. The taxes on corp is going still be the same but isnt this wrong she told him this is the easy simple method

Ie say cost was $10k and proceeds was 20k

she told put for him $0 cost and $10k proceeds

this is a corp tax not personal one

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u/3junior — 4 days ago