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T1 tax calculations
402 Business income
Where should I enter the amount representing the closing inventory (including raw materials, goods in process, and finished goods) from line 8500 of form T2124 for a taxpayer with business income?This information must be entered with the keyword Inventory.bu in the option Inventory - end of year. It will be used in the calculation of the cost of goods sold on line 8518 of form T2124.
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