Form T2 Schedule 38 Part VI Tax on Capital of Financial Institutions (2023 and Later Tax Years) - Canada

Form T2 Schedule 38 Part VI, Tax on Capital of Financial Institutions, is used by Canadian financial institutions to calculate and report their tax liability on their capital for the 2022 and later tax years.

The financial institutions in Canada are responsible for filing the Form T2 Schedule 38 Part VI Tax on Capital for the tax years 2022 and onwards.

Form T2 Schedule 38 Part VI Tax on Capital of Financial Institutions (2022 and Later Tax Years) - Canada - Frequently Asked Questions (FAQ)

Q: What is Form T2 Schedule 38? A: Form T2 Schedule 38 is a tax form used by financial institutions in Canada.

Q: What does Part VI of Schedule 38 cover? A: Part VI of Schedule 38 covers the tax on capital of financial institutions in Canada.

Q: Which tax years does Schedule 38 apply to? A: Schedule 38 applies to the tax years 2022 and later.

Q: Who is required to file Schedule 38? A: Financial institutions in Canada are required to file Schedule 38.