T2-How to designate a corp as a Federal Corporation? The corp is located in ON but is federally incorporated. I entered the MJ(multiple jurisdictions), anything else?

I've seen similar questions that are answered as: "this is a complicated legal issue" and "is not a Profile software issue"...

The corporation is already Federally Incorporated, and I want to tell my software that it's a federal corp not a provincial corp...I used to be able to do this with my old software and with Profile I cannot.

I selected MJ for multiple jurisdictions in the info sheet but now Schedule 5 needs the multiple jurisdictions selected...the corporation is established in ON, head office in ON, payroll is paid to employees in ON but is Federally Incorporated...so it's not really multiple jurisdictions!?

Answer

If you are filing T2, that means that the corporation is also federally incorporated...isn't it?

Think of it this way: what is the point of filing federal t2 income tax return if your corporation is not federally incorporated?? The provincial ones are separate, notably AT1 and CO-17....

MJ means that the company is resident and doing business at all provinces throughout Canada....

If the corp is only doing business in Ontario, then it's resident in Ontario not anywhere else.

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