These schedules are used to determine the taxable capital used in Canada of a corporation and corporations associated to it. Furthermore, they are used to compute the amount required to calculate the business limit reduction when the corporation is not associated during the current year, but was in the prior year.
Note that it is important to complete those forms, because the amount of taxable capital used in Canada is used in particular to:
- determine if the corporation is a large corporation;
- determine the amount required to calculate the business limit reduction;
- determine the taxable capital required to calculate provincial capital tax.