Form T2 Schedule 45 Agreement Respecting Liability for Part VI.1 Tax (2005 and Later Tax Years) - Canada

Form T2 Schedule 45 Agreement Respecting Liability for Part VI.1 Tax is used in Canada to determine the allocation of liability for Part VI.1 tax between partnership members. It is applicable for tax years starting in 2005 and onwards.

The Form T2 Schedule 45 Agreement Respecting Liability for Part VI.1 Tax (2005 and Later Tax Years) in Canada is filed by corporations.

FAQ

Q: What is Form T2 Schedule 45?A: Form T2 Schedule 45 is a form used in Canada for reporting and agreeing to the liability for Part VI.1 tax for tax years 2005 and later.

Q: What is Part VI.1 tax?A: Part VI.1 tax refers to a specific tax provision in Canada's Income Tax Act that applies to certain corporations.

Q: Who needs to file Form T2 Schedule 45?A: Corporations in Canada that are subject to Part VI.1 tax for tax years 2005 and later need to file Form T2 Schedule 45.

Q: What is the purpose of Form T2 Schedule 45?A: The purpose of Form T2 Schedule 45 is to report and agree to the liability for Part VI.1 tax as required by the Income Tax Act.

Q: What tax years does Form T2 Schedule 45 apply to?A: Form T2 Schedule 45 applies to tax years 2005 and later.