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Rao_ashraf
Level 3
June 8, 2021
Question

Commercial Property sold by Corporation Capital Gain Tax

  • June 8, 2021
  • 0 replies
  • 1 view

my client sold commercial property cost $270,000, CCA Charged $70,000, Sold for $700,000.

Net capital gain $430,000, 50% of Capital gain $$215,000.

How to populate this in 2020 T2 corporation efile. I understand balance sheet part. looking for solutions for Profile. thanks

Kitchener, ON

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