Which RAC relationship code to use?

Am filling out RAC/S9 details and not sure which code to use. I am preparing the T2 for subsidiary corp. and will not be involved with parent company filing. I have  manually added parent company but not sure if code 1 or 3 is correct relationship code to select (which perspective is the schedule using)?

Answer

Hi, thank you for using Intuit ProFile Community

Any associated corporations are entered on RACDetails. The column is then completed with regard to the corporation in the column heading. Schedule 9 will then be completed from the entries on RACDetails as will other schedules listed in the column. Therefore the information on the schedule 9 will relate to the associated corporation and not the filing Corporation.

Hope this helps

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